TITLE

Changing Role of State in a Globalised Economy: Case Study on Malaysia-India Companies

AUTHOR(S)
CHANDRAN, SUSEELA DEVI; RAMLI, RASHILA
PUB. DATE
April 2015
SOURCE
Akademika;2015, Vol. 85 Issue 2, p55
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Globalisation has a significant impact on the role of nation-state. Hyper globalists, sceptics, and liberals in the realm of international relations theory, contend that globalisation renders the state irrelevant, diminishes the state's role, and erodes state power. The objective of this study is to analyse the impact of globalisation on companies in Malaysia and India. This article presents four case studies of companies operating in Malaysia and India to determine the impact of globalisation as well as evaluating the role of state and private sectors in moving forward economic cooperation. Given the structure of the goods and services trade between Malaysia and India, some analysts argue that the onus will be on the private sector to carry economic relations forward. This paper advocates that Malaysia strives to adopt a pragmatic approach, by trying to strike a balance between state intervention and withdrawal in economic matters, in order to achieve specific ends without affecting political stability and economic growth. In the case of Malaysia-India economic relations, it is apparent that the state is not only an important actor, but also a key driver. Indeed, the state is seen as a major supporter and beneficiary of economic and technological advances. Although challenges persist in terms of government regulations, bureaucratic red tape and state government policies, nevertheless business continues to thrive.
ACCESSION #
112030246

 

Related Articles

  • THE GRANDDADDY OF ALL NETWORKS.  // Financial Executive;Jul/Aug1993, Vol. 9 Issue 4, p56 

    This article presents the author's perspective on the increase in cooperation among nations and business leaders of different countries. These networks, or loose affiliations, of shared interests are provoking cultural and value exchanges that are mutually beneficial. The author cites the...

  • THE UNDERSTANDING OF NEW PUBLIC ADMINISTRATION. Ulker, Halil I.; Karakoc, Gulcin // LESIJ - Lex ET Scientia International Journal;2009, Vol. 16 Issue 1, p424 

    Neo-liberal system has formed a new world order in order to overcome the last crisis, it experienced in 1980. This new formation -that is called globalization is basically the struggle of overcoming the recession in the world economy. The main tools that are used by globalization for solving the...

  • AFRICA'S GATEWAY TO THE WORLD?  // African Business;Jun2013 Singapore-Africa, p17 

    The article discusses whether Singapore is the one-stop growth destination for public and private sectors of Africa. It is noted that among ASEAN group of countries comprising Indonesia, Malaysia, Philippines, Singapore and Thailand, Singapore is the largest investor into Africa. According to Ho...

  • Trade facilitation: Trade competitiveness and the development dimension. Kituyi, Mukhisa // International Trade Forum;2013, Issue 4, p1 

    The article focuses on the development dimension of trade facilitation which has already contributed to reductions in trade transaction costs and an increase in competitiveness. Trade facilitation reforms contribute to development by increasing the transparency of administrations and helping...

  • Problems in the international financial system. Blundell-Wignall, Adrian; Roulet, Caroline // OECD Journal: Financial Market Trends;2014, Vol. 2014 Issue 1, p1 

    Since the 1980s OECD investment-saving correlations - as an inverse measure of economic openness - indicate a very wide disparity of openness between the OECD and emerging market economies (EMEs) with an absence of open markets in the latter. Given the increasing weight of EMEs in the world...

  • Private-Sector Initiative for Asian and African Development. Yonekura, Hiromasa // Vital Speeches of the Day;5/1/2005, Vol. 71 Issue 14, p434 

    Presents a speech by Hiromasa Yonekura, vice chairman of Nippon Keidanren and president of Sumitomo Chemical Co. Ltd., delivered to the Asian-African Business Summit on April 22, 2005. Primary function of Nippon Keidanren, which is also known as the Japan Business Federation; Economic...

  • Four steps to trade success. Kaul, Mohan // African Business;May2008, Issue 342, p48 

    The article outlines four key steps that would have a dramatic impact on the pace and volume of trade both within Africa and abroad. To encourage constructive dialogue between governments and the private sector, the Commonwealth Business Council (CBC) is proposing to champion the establishment...

  • Say yes to globalization! Davidson, Larry // Indiana Business Magazine;Oct2000, Vol. 44 Issue 10, p64 

    Presents a word of support for globalization. Economic integration across borders; Role of the World Trade Organization and other similar world organizations in eliminating the problems of globalization; Regional or world adjudication.

  • Foreword. Ramphal, Shridath // Globalisation: A Calculus of Inequality;2000, pvii 

    A foreword to the book "Globalisation: A Calculus of Inequality: Perspectives From the South" is presented.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics