Globalization means increasing integration between different economics of the world.

The economic gap between different nations is reduced.

This is achieved by removing all restrictions between nations on the movement of : Goods, Services, Capital, technology.

In other words globalization results in international division of Labour. The present day world is experiencing the information technology Revolution.

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Every nation must keep its doors and windows open to the outside world, i.e. it must take part in the international division of Labour.

On the other hand, internationalism is only in the same line as Globalisation, but to limited field. Though internationalism is also a process among countries but it is not as wide as Globalisation for ex: WTO agreements have effects of Globalisation as it involves all economic players, whereas in SAARC, the agreement will effect internationalism as limited to some countries.

Like wise NAFTA, G-8, APEC and other regional trade organization and agreements falls under Globalisation.