Globalisation

Table of ContentsIntroduction1.Definition of Globalization2.The Implications of Globalization for Malaysia2.1Changes Towards Globalization2.2Globalization Strategies2.3Competition for FDI and Trade2.4Towards a Globalized Era3.Evidence From Selected Industries3.1Financial Sector3.2Automotive Industry3.3Education SectorConclusionReferenceBibliographyDEFINATION OF GLOBALIZATIONGlobalization (a more subtle and neutral name for economic imperialism ) is presently in vogue and the very mention of it arouses the aura of rapid progress and development.

Globalization is essentially a concept of economic interdependence among actors across national boundaries. It is distinguished from internationalization by its greater depth in interdependence. The key feature of globalization is related to the modality of transactions between economic actors. Some years ago international transactions were almost exclusively thought of as trade between independent buyers and sellers, which has been described by some economists as shallow integration.

INTRODUCTIONGlobalization is one of several major factors determining Malaysia痴 future development and the broader course of regional dynamics in East Asia. In general, Malaysian leaders are in line with a broader recent trend among East Asian government leaders.

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These leaders tend to be nationalistic and non-ideological. Their legitimacy rests heavily on their ability to meet the material needs of their people and to pursue economic development needed for conventional nation building. As a result, they are willing耀ometime grudgingly葉o conform to the international economic norms supported by the western free market states, and they accept the growing interdependence that comes with this economic globalization.

At the same time, however, the Malaysian and many other East Asian government leaders endeavor to curb and channel some of the disruptive side effects of economic globalization and the free flow of information associated with such globalization. Using national means as well as cooperative measures under the auspices of regional groups, notably ASEAN Plus Three (the ten ASEAN members along with China, Japan, and South Korea), they seek to keep the...