SELECTED METHODS FOR MEASURING MARKET AND SECTOR GLOBALIZATION AND ENTERPRISE INTERNATIONALIZATION

Purpose: This paper aims to identify and describe the methods for measuring the level of globalization of national economies and sectors, as well as the level of internationalization of the business activities of manufacturing enterprises. Design/methodology/approach: The paper is of a theoretical nature. The literature review served as the starting point, allowing for the assessment of the current state of knowledge on measuring globalization and internationalization. This allowed for the formulation of the research problem. Findings: There is no single, universally recognized and accepted way to measure globalization, either at the level of economies or sectors. Globalization is a complex, complicated and multidimensional process. Researchers propose qualitative approaches, while quantitative measurement concepts are also known and developed. The level of internationalization is most often studied through the prism of either geographical scope or the degree of foreign involvement in particular activities. Research limitations and implications: The research systematizes and synthesizes scientific knowledge in measuring the processes of globalization and internationalization. The main limitation of this research is that, due to the complexity of the studied phenomena and the nature of this article, it is not possible to provide a comprehensive analysis or exhaustive description. The paper presents only the most useful attempts to formally describe these, after all, qualitative economic phenomena. Practical and social implications: The article is addressed mainly to the scientific community. The methods presented here can be a starting point for discovering new relationships and interdependencies. For example, the relationship between the level of internationalization and corporate performance can be studied. The results of such research can help managers make decisions about the scope and intensity of a company's foreign operations. Originality and value: The originality of the research lies in the attempt to systematize and synthesize the scattered scientific studies on measuring the internationalization of enterprises and the globalization of sectors and economies. The conclusions of this paper contribute to a better understanding of these phenomena.