Legal Definitions - internationalization

Definition: Internationalization refers to the process of bringing a territory of one country under the protection or control of another or of several countries. It involves limiting the sovereignty of a specific state and serving the interests of a group of states through the establishment of an international institutional framework.

Example: The European Union (EU) is an example of internationalization. It is a political and economic union of 27 member states located primarily in Europe. The EU was established to promote peace, stability, and economic prosperity among its member states by limiting their sovereignty and creating a common institutional framework.

Explanation: The EU is an example of internationalization because it involves the limitation of the sovereignty of its member states in favor of serving the interests of the group. The EU has established a common institutional framework that includes a parliament, a court of justice, and a central bank, among other institutions. This framework allows the EU to make decisions that affect its member states collectively, such as trade agreements and regulations, while also promoting peace and stability among its members.