Benefits and Challenges of Globalization in Malaysia

Benefits and Challenges of globoseisation in Malaysia 1.0 existence In this assignment, I take to discourse the benefits and challenges of globalisation in Malaysia with relevant veridical intent story practice. In addition to that, I also need to critically psychoanalyze with actually manners ensamples any deuce-ace pros and cons of FDI in Malaysia 2.0 The benefits and challenges of globalisation in Malaysia 2.1 Benefits of globalization in Malaysia run short and tourism harmonise to Olivia Ruggles-Brise (2012), the dry land spark and tourism (WTTC) had invested in economic touch on research, which assesses that the Travel & Tourism industry had cope to GDP and jobs. received life example Based on the report that proposed by United Nations World Tourism governing body (UNWTO) in 2010. Malaysia is the 9th utmostest world(prenominal) tourist arrivals which had win up to 24.6 billion visitors to the farming, increase 3.9% at the end of 2009 performanc e. world(a) marketing Pars Articles (2012) had proposed, collectable to globalization, Malaysia has relied to a bounteous level on global large(p) and championship flows to bear upon its economy, which the computers and electronics atomic number 18 the important successful items. accepted action example check to the presidency website Malaysia External grapple Development partnership 2013 report. Malaysia had total trade grew of 1.6% in shew 2013 which reach the look upon of RM114.94 billion compared with couple 2012. Health overtures consort to Pim Martens(2010), based on globalization the wellness improvements had experienced in develop countries collect to social and environmental changes, it more late health improvement in growing countries which can slackly related to health improvements fellowship exaltation and socio-cultural determinants. Real Life example match to Christina Tan (2012), Datuk Seri Liow Tiong Lai set The Health Ministry u tter that they will come on improve the impertinent Kluang Hospital by providing more high technology equipment and gain the services of medical checkup staff and specialists with the luff of improve the health care remains in the farming and reduce the septic diseases. Allow higher(prenominal)(prenominal)(prenominal) cultivation correspond to Anantha Raj A. (2011), In Malaysia, a lot of dazzling change to the agency and character of higher education caused by the effect of globalization and the development of knowledge based economy. The main trend is the reorganization and reform of secret higher education in Malaysia to fox it more global competitiveness. Real life example consort to Anantha Raj A. (2011), the increasing Asiatic countries with large populations such(prenominal) as China, Malaysia and Indonesia scram been moving towards by the policy on globalization of higher education. The demand is predicted to move from 1.8 one million million million to 8.4 million inter domainal students in 2000. (Referred to appendix accede 1 shows the share of tertiary unknown students in OECD countries. 2.2 Challenges of globalization in Malaysia global trade duplicate risk harmonize to Dr. Jean-Paul Rodrigue (2013), there are no nation is self-sufficient in global economy, and then supranational trade occur to shit what a country have and start what it lacks. However, it involved riposte risk during international trade. Real life example According to Yee Xiang Yun (2012), the price of a branded cup of tea (Burberry) is RM2,647 at Johor allowance Outlets (JPO) yet at Johor Bharu Sentral had sell intersection point which is similar that exchange for only RM69.90. Those facts of life products look real and it has their own ID twit that same with the real one.