Malaysia and the Challenges of Globalization: An Economic Perspective Mansor Md. Isa Faculty of Business and Accountancy University of Malaya 50603 Kuala Lumpur‚ Malaysia mansor@um.edu.my Paper presented at the “10th Biennial Tun Abdul Razak Conference”‚ Multicultural Center‚ Ohio University‚ Athens‚ Ohio‚ USA‚ 11-12 May 2007. Malaysia and the Challenges of Globalization: An Economic Perspective Mansor Md. Isa‚ University of Malaya 1. Introduction One of the main focus of the
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Executive Summary During the past decade‚ a catchy paradigm or slogan‚ "Think globally‚ act locally‚" has often been used to capture the concept of a progressive change in a global corporation that considers the whole world as its market but at the same time carefully evaluates and adapts to local priorities and requirements. However‚ for many firms‚ implementing this concept or vision has turned out to be a long and difficult process‚ causing not only unexpected and unintended side-effects causing
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Globalization refers to the emergence in the twentieth century‚ of a global community‚ whereby cultural‚ economic‚ environment and political events occurring in communities in one part of the world has quickly come to be significant to people in other societies. The way in which technology has ‘evolved’ has resulted in an advance in communication‚ transportation‚ scientific discoveries‚ and information technology. These advances‚ which are the basis of globalization‚ have infiltrated and affected
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Globalization and Adapting to Markets According to Anastasia and Corina (2013)‚ globalization is one of the redefining factors of the port and maritime industry (p.35). These industries are under constant pressure to adapt and and renew their functional role in the chain of values in order to survive within the business environment (Anastasia & Corina‚ 2013‚ p.35). Due to this constant demand for adaptation and change‚ ports and transport companies
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Morocco and Globalization Globalization is a recent concept that implies an opening of the commercial borders between countries. It has been imposed on developing countries by developed ones. It underlies a relation of “win-lose” between Western and Eastern economies. In the case of Morocco‚ it is a condition given by the United States of America to support Rabat politically. Morocco will in fact be benefiting from globalization; however‚ it will also suffer from the hidden sides of this
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Women and the Globalization Samir D. Ajmeri Abstract: How do rising levels of international interconnectedness affect the social‚ economic‚ and political condition of women? Competing hypotheses are easy to identify; indeed‚ a prudent answer to the question would be that some women will benefit from globalization and some will be hurt‚ or that the status of women will improve in some respects but not others. We advance the hypothesis that‚
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Globalization Globalization has affected our world today in many different ways. In the 2000s‚ it looked a lot different than in the 1500s. Many things have influenced and hindered globalization throughout history. The effects of globalization can still be seen today. First of all‚ globalization is “The breaking down of traditional boundaries in the face of increasingly global financial and cultural trends” (pg. G-7). As people began buying and trading goods from other countries‚ globalization
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the company. L’Oreal realized they needed to expand in other fields of the beauty market and target markets in order to stay alive and successful. This would mean that L’Oreal would need to acquire other companies as part of their expansion and through this they have kept the constancy of the leading company with acquisitions of many small companies. Finally in the 1980s they started their globalization into new markets all around the globe by acquiring new companies that would form the cosmetics
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this paper will begin by providing a definition of globalization. Next‚ the author will identify and examine at least two of the traditional international trade theories that have been developed. Next the author will identify the major drivers of globalization and lastly‚ the author will explain four effects of globalization that impact the author’s community and organization. Globalization Questionnaire According to Hill (2009)‚ globalization is the shift towards a more integrated and inter-dependent
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recent twelve years‚ China actively participates in globalization‚ especially the economic globalization‚ which has obviously affected many aspects of Chinese youth’s life‚ such as youth migration‚ youth employment‚ youth culture‚ youth consumption and so on. The profound influence of globalization on youth is determined by the characteristics of both globalization and youth. 1.1 What is globalization? A Google search under the key word "globalization" yields more than 1.6 million hits — ample proof
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