AFTA in the Globalization Process: Perspectives from Industries in Malaysia
At the dawn of the twenty first century, it is timely for Malaysia to review its economic position and role in Asia, along with fellow member states of the Association of South East Asian Nations (ASEAN) especially in the context of an increasingly globalising world economy. Globalization is forging growing economic interdependencies of countries worldwide through cross-border trade in goods and services, as well as through massive international capital flows either for investment into real production facilities or for short term portfolio holdings, in ways and magnitude that are unprecedented. The process of pan-global extension of business and economic linkages is accelerated by the rapid and widespread diffusion of technology, again through modes that never existed before.
KeywordsForeign Direct Investment World Trade Organization Consumer Electronic Commercial Vehicle Parent Firm
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