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Extensive globalization choice of the emerging market economies from the Third World


Majumder, Bhaskar (2010) Extensive globalization choice of the emerging market economies from the Third World. In: The Third International Conference on International Studies (ICIS 2010), 1st-2nd December 2010, Hotel Istana Kuala Lumpur. College of Law, Government and International Studies, Universiti Utara Malaysia. , Sintok, pp. 1-14. ISBN 9789832078456

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Official URL: http://icis.uum.edu.my/

Abstract

The post-Second World War international economic order integrated all the willing economies in world economic-political institutions under the leadership of the US. The leader floated the strategy of extensive globalization whereby the industrialized economies got the chance to extend their production possibility curves via penetration into the large economies in the Third World through the transnational corporations. Extensive globalization offset the potential threat perceived by the leader from the countries in G-7 and accommodated the emerging large market economies from the Third World through membership in groups like G-20. While the leader plans to prolong her command over the world economy, the large emerging market economies from the Third World can explore the possibilities to consolidate themselves in the same process. What is to be ensured is protection of a large number of small economies from the Third World who often remain left out from the umbrella of extensive globalization.

Item Type: Book Section
Additional Information: Jointly organised by Ministry of Higher Education, UUM College of Law, Government & International Studies (UUM COLGIS) and Association of International Studies Malaysia (AIS)
Subjects: H Social Sciences > HF Commerce
Divisions: College of Law, Government and International Studies
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 22 Feb 2011 07:09
Last Modified: 27 Feb 2011 04:19
URI: http://repo.uum.edu.my/id/eprint/2474

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