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Globalization and Its Impact on Malaysia

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Globalization and Its Impact on Malaysia
If you're totally illiterate and living on one dollar a day, the benefits of globalization never come to you.
Jimmy Carter

In the US, most progressives start to see the differences between internationalism and economic globalization.
David Korten

It has been said that arguing against globalization is like arguing against the laws of gravity.
Kofi Annan

People have accused me of being in favor of globalization. This is equivalent to accusing me of being in favor of the sun rising in the morning.
Clare Short

This is a basic requirement the meaning of globalization is that we should admit that the economy of each country is dependent on the economy of all the others.
Richard Grasso

Read more:http://www.brainyquote.com/quotes/keywords/globalization_3.html#ixzz1IjXv57pA “This is a very exciting time in the world of information. It's not just that the personal computer has come along as a great tool. The whole pace of business is moving faster. Globalization is forcing companies to do things in new ways.” | Bill Gates quotes |

“The financial turmoil has underscored the many challenges inherent in globalization ... Even as we embrace it, we must be wary of the dangers which accompany it.” | Mahathir Mohamad |

globalization

Definition
Name for the process of increasing the connectivity and interdependence of the world's markets and businesses. This process has speeded up dramatically in the last two decades as technological advances make it easier for people to travel, communicate, and do business internationally. Two major recent driving forces are advances in telecommunications infrastructure and the rise of the internet. In general, as economies become more connected to other economies, they have increased opportunity but also increased competition. Thus, as globalization becomes a more and more common feature of world economics, powerful pro-globalization and anti-globalization lobbies have arisen. The pro-globalization lobby argues that globalization



Bibliography: 1. Globalization in the History of Ideas The term globalization has only become commonplace in the last two decades, and academic commentators who employed the term as late as the 1970s accurately recognized the novelty of doing so (Modelski 1972)

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