Over the past decade, universities have played a dual role, acting as both agents and products of the globalization process. The implications of the internationalization of higher education are intrinsically linked not only to the phenomenon of globalization but also to how universities confront the challenges that arise. This reflection aims to foster discussion on the potentialities of globalization and internationalization in higher education, which has emerged as a pathway for improving the quality of education and research for the benefit of society. Some proposals for implementing internationalization are highlighted, and paths are indicated to deepen the understanding of concepts, revealing other possibilities beyond the conventional view of internationalization as a destination for the commodification of higher education. Some crucial influencing factors in interpreting this growing paradigm of internationalization and globalization of higher education are explored.