Globalization

Globalization is the tendency of investment funds and businesses to move beyond domestic and national marketsto other markets around the globe, thereby increasing the interconnection of the world. Globalization had the effect of markedly increasing international trade and cultural exchange. Globalization is used to explain the recent integration of domestic economies, industries, cultures and government policies around the world. This integration has occurred through increases in the technological capabilities and efficiency of world trade, communication and transportation. Primarily, globalization refers to the economic integration of the global markets, but it is also used to describe the socio-cultural integration that has been brought on by the rise of the Internet.

Internationalization

Internationalization is the process in which the application is designed in such a way that it can support any language, date-time, currency or any other value without making any modification in the code base. So it means you are coding in such a way that when you need to support any new language by providing Resource files or different locale it works automatically with that Internationalization is a design process that ensures a product can be adapted to various languages and regions without requiring engineering changes to the source code. Think of internationalization as readiness for localization. Internationalization can save significant expense, time, and headaches for everyone involved. Sometimes  internationalization evolved from a growing demand for multilingual products and applications.

Localization
 
localization is the process of adapting a product or content to a specific locale or market. Translation is only one of several elements of the localization process. In addition to translation, the localization process may also include:
Adapting graphics to target markets

Globalization Internationalization Localization all three are important for business throughout the world but Localization is very important for translator because the aim of localization is to give a product the look and feel of having been created specifically for a target market, no matter their language, culture, or location.
 
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