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Challenges of Globalization - Essay Example

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Challenges of globalization Introduction The issue of globalization process evokes a vivid discussion among different scientists and researchers. Nevertheless, it is interesting to focus in this issue on a specific background and on the example of a certain country or region and the way globalization influenced on it in the context of international business…
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Download file to see previous pages Summary The article by Faizal Yahya “Challenges of Globalization: Malaysia and India Engagement” deals with international relations establishment between India and Malaysia in the context of globalization process. The coming challenges were facilitated in case bilateral and regional linkages would be intensified. The main emphasis in the article is made on ASEAN region as the main intensifier of inter-regional relations, business and trade. Malaysia is considered as the largest India’s coordinator and a facilitator of India’s integration into the ASEAN region. Moreover, it is interesting to consider international relations establishment between these two countries, as they are historically and culturally linked. Position of the author During the post-Cold War period, India made numerous attempts to increase economic linkages with economies of different countries. Nevertheless, its participation in SAARC has been stalled by complexities of India’s trade. Therefore, the author of the article makes an attempt to assess the challenges caused by globalization and their impact on India and Malaysia relations. It is evident, that the author considers India to be a perfect alternative trade area for the international business. ...
Therefore, the author intrigues us by his dramatic background chosen for the discussion of international relations between India and Malaysia. Therefore, the author of the article makes an attempt to consider establishment of relations between Malaysia and India on a diversified cultural and historical background of the countries’ development. Though this article contributes to the field of international business, the main issues are highlighted in the culturally-marked context. Analysis of the issue The main interest of this issue can be explained by deep-rooted historical background of Malaysia’s history and culture. Nevertheless, starting from 60s this country did not make an attempt to preserve its national identity in spite of taking a chance to participate in the international trade. The main focus of Malaysia’s first Prime Minister was to place international relations above all other considerations. Another Prime Minister Mahathir made an attempt to introduce “Look East” policy. A need for Islamic unity was integral for Malaysia at that time. Therefore, it can be claimed that a twofold direction of Malaysia’s relation at the international arena have been historically chosen: to establish international business relations with Asian and foreign partners and preserve Islamic identity of the country at the same time. Concerning India, it should be noted that controversies with Pakistan occurred mainly because of Islamic traditions of the latter country. SAARC lacked economical progress because of controversies between India and Pakistan and at the same time India made attempts to foster relations with partners from ASEAN region. This strategy is supported ...Download file to see next pagesRead More
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