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Globalisation and deglobalisation

In: Globalisation and deglobalisation

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  • Central Bank of Malaysia

Abstract

Malaysia’s integration into global value chains has played a crucial role in the recent development of the economy, helping to promote its diversification into higher value added and services-based manufacturing. Globalisation has also enabled technological advances and higher investment. This has led to faster income growth, particularly for capital owners and highly skilled workers. However, Malaysia is also now faced with new issues, such as a heavier reliance on foreign workers and heightened vulnerability from global developments. In particular, Malaysia also faces challenges posed by highly volatile capital flows. Moving forward, the global economy will inevitably become more interconnected. The policy imperative is to develop a labour force that is able to respond quickly to changing global demands, strengthen economic fundamentals to protect economic resilience and continuously implement structural reforms to future-proof the economy.

Suggested Citation

  • Central Bank of Malaysia, 2018. "Globalisation and deglobalisation," BIS Papers chapters, in: Bank for International Settlements (ed.), Globalisation and deglobalisation, volume 100, pages 223-229, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:100-14
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    Cited by:

    1. Nitin Agarwala & Rana Divyank Chaudhary, 2021. "‘Made in China 2025’: Poised for Success?," India Quarterly: A Journal of International Affairs, , vol. 77(3), pages 424-461, September.
    2. György Matolcsy & Márton Nagy & Dániel Palotai & Barnabás Virág, 2020. "Inflation in the Digital Age: Inflation Measurement and Bias in the 21st Century," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 19(1), pages 5-36.
    3. Mohammad Anhier Al-Froukh, 2021. "Developing in Investment Environment in Jordan from the Perspective of Jordan Investments Commission," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(10), pages 116-116, July.
    4. Anca Ioana Troto (Iacob), 2021. "Case Study on KOF Globalization Index for Greece, Czech Republic, Poland, Romania and Hungary," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 185-192, December.

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