Another is the transformation of the Asian economies by communication and information technological revolution in which all of these countries have a hefty stake. Right now, there is no tenable competing philosophy anywhere on the horizon. With such clear signs of internationalization, some thought must be put in to how best to deal with it. On the political and economic levels, internationalization means the formation of borderless economies in which there is a free flow of things, capital and people, with the ultimate result of true globalization in which there is a single world market. It also means that the market will expand, particularly from the introduction of the market economy to formerly socialist economies, or the introduction of capitalism in China.
Internationalization also brings direct repercussions to our cultures and lifestyles.
Euro-American lifestyles in fashion, diet and housing are gaining increasing acceptances as worldwide standards. Increasing experience with foreign cultures is indicated by the fact that one in ten persons holds a passport. Sports exchanges have exchanged personnel and have been a launching points for national pride, while cultural exchanges, such as those between Japan and other countries provide a two-way street for internationalization. The basics of dealing with internationalization is simple. We must understand the differences among nations, ethnic groups and cultures and accept those differences while we work to broaden our common ground ofmutual understanding.