Lily Freida Milla, deputy executive director and officer-in-charge of the Commission on Higher Education (CHED), said the project aims to enhance academic quality and research of universities in the Philippines through the development of internationalization
Previous studies have introduced the important role of the government in the home country in supporting and directing the internationalization
activities of firms (Buckley et al.
However, he said that relatively strict foreign exchange policies in many BRI markets, as well as insufficient branch network of domestic financial institutions in those markets, are restricting the yuan's internationalization
in the short term.
The term "internationalization
" is used for describing transformation at three levels in research on higher education and science policy (Frelich 2006).
Indubitably, the internationalization
of RMB will have profound impacts on the international financial system.
of education has seen a rapid development in the past 20 years.
Vidya Yeravdekar, Pro-Chancellor, Symbiosis International (Deemed University), has been awarded the "Exemplary Leader in Internationalization
of Indian Education" and Symbiosis International (Deemed University) was adjudged as the "Most Promising University in West India".
In the same way, the Resource Based View of the Firm (RBV) has been identified as one of the main lines of research on the innovation as a resource of the internationalization
process (George & Bock, 2011; Peng, 2001).
In the early 1990s with the emergence of financial integration practitioners and scholars from the domain of entrepreneurship, strategic management and governments considered that the concept of internationalization
will boost the growth of SMEs and their share to economic growth (Ramadani, Hisrich, & Gerguri-Rashiti, 2015).
The reason why Korea showed interest in internationalization
in the area of education is due to the establishment of the World Trade Organization (WTO) and the spread of free trade agreements (FTA).
In todays' highly competitive economic environment, both innovation and internationalization
have become the most commonly recommended recipes, from both scholars and economic development agencies, for companies to survive and grow.