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https://hdl.handle.net/2440/71281
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Type: | Journal article |
Title: | The deceptive game of today's capitalist globalisation evidence from Malaysia's experience |
Author: | Molla, Rafiqul Islam Alam, Md. Mahmudul Murad, Wahid |
Citation: | European Journal of East Asian Studies, 2011; 10(2):169-180 |
Publisher: | Brill |
Issue Date: | 2011 |
ISSN: | 1568-0584 1570-0615 |
School/Discipline: | Business School |
Statement of Responsibility: | Rafiqul Islam Molla, Md. Mahmudul Alam and Md. Wahid Murad |
Abstract: | Globalisation is the economic policy of the integration of national economies with the global economy on the basis of free market competition. It is a neoliberal prescription for industrialisation and growth of the emerging economies of the South, and a project of capital accumulation for the capitalist North through a process of securing a disproportionate share of the benefits at the expense of the developing South. The content analysis and Malaysia's globalisation experience support the hypothesis that globalisation has great potential to contribute to the industrialisation and growth of emerging economies, while at the same time showing that the way it is practised indicates that it is a deceptive game of the North and cannot be entirely trusted to emancipate the developing economies. The paper suggests a policy of target-oriented 'inclusive globalisation' to ensure an equitable share of the benefits of specialisation and globalisation. |
Keywords: | Income convergence; neoliberalism; industrial competitiveness; fair market; capitalist globalisation; economic globalisation; economic nationalism |
Rights: | Copyright © 2011 Koninklijke Brill NV. |
DOI: | 10.1163/156805811X616101 |
Appears in Collections: | Business School publications |
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