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Could developing countries take the benefit of globalisation?

Author

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  • Rusdy Hartungi

Abstract

Purpose - To provide philosophical discussions of various works, thinking of globalisations and new thoughts on how the developing countries might take benefit of globalisation. Design/methodology/approach - A wide range of published works, which contain the recent thoughts and debates of the globalisation to developing nations are reviewed, analysed and then critiqued. The authors take some case study examples and evidence from developing worlds, most notably in Indonesia. Findings - At present, the impact of globalisation will benefit mostly to industrialised countries or MNC's operating in developing countries. Globalisation will bring prosperity to developing world only if industrialised countries and MNC's are willing to adopt a code of conduct, which permits their profit motives to be harmonised with the self‐reliant interest of developing nations.The global rule must be changed in favour of developing countries. Research limitations/implications - Globalisation is a very wide issue. This paper only highlights issues related to trade, labour, intellectual property and environment. Not many developing and industrialised countries are taken as case example. Thus, there are still a lot of further research needed to prove its usefulness. Practical implications - Provide a useful source to the global players like industrialised countries, MNC's. It highlights how industrialised countries might contribute to assist developing countries to catch up in line with globalisation. Also useful to MNC's CEO wants to increase their corporate social responsibility. Originality/value - Provide new taught and suggestion to developing countries, MNC's and industrialised countries. Some evidence, arguments and recommendations have not been discussed in the globalisation debate.

Suggested Citation

  • Rusdy Hartungi, 2006. "Could developing countries take the benefit of globalisation?," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 33(11), pages 728-743, November.
  • Handle: RePEc:eme:ijsepp:03068290610705652
    DOI: 10.1108/03068290610705652
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    Citations

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    Cited by:

    1. Čečević Bojana Novićević & Antić Ljilja & Jevtić Adrijana, 2023. "Stock Price Prediction of the Largest Automotive Competitors Based on the Monte Carlo Method," Economic Themes, Sciendo, vol. 61(3), pages 419-441, September.
    2. Barbara M. L'Huillier, 2016. "Has Globalization Failed to Alleviate Poverty in Sub‐Saharan Africa?," Poverty & Public Policy, John Wiley & Sons, vol. 8(4), pages 368-386, December.
    3. Terver Theophilus Kumeka & Isiaka Akande Raifu & Oluwatosin Adeniyi, 2024. "Globalisation and Inclusive Growth in Africa: The Role of Institutional Quality," Foreign Trade Review, , vol. 59(1), pages 62-97, February.

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