Globalization and Its Impact on Malaysia - 13672 Words

If youre 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†¦show more content†¦Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914. But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion. Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has said that today globalization is â€Å"farther, faster, cheaper, and deeper.†But policy and technological developments of the past few decades have spurred increases in cross- border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion.Show MoreRelatedThe Impact of Information Communication Technology on Malaysia Communication Culture in the Era of Globalization7293 Words   |  30 PagesTHE IMPACT OF INFORMATION COMMUNICATION TECHNOLOGY ON MALAYSIA COMMUNICATION CULTURE IN THE ERA OF GLOBALIZATION Saiful Nujaimi Abdul Rahman, M.Sc. Department of Communication, Faculty of Modern Languages Communication, University Putra Malaysia, Malaysia Abdul Rashid Md. Ali, PhD Department of Communication, Faculty of Modern Languages Communication, University Putra Malaysia, Malaysia Siti Zobidah Omar, PhD Department of Communication, Faculty of Modern Languages Communication, UniversityRead MoreCurrent Status and Applications of Biotechnology in the Malaysian Food Industry.1517 Words   |  7 Pagesingredients, or modification of existing food or food ingredients. Research in this aspect of catalysis is essential because the output of the research is often new food products and process technologies. This surely will help improve the economy of Malaysia especially when the raw ingredients (e.g. palm oil, sago starch, fruits etc.) used are indigenous to the country. Food biotechnology has also yielded high quality clarified fruit juices. 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