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Globalisation, unemployment, and poverty: The need for a new perspective on social protection in Malaysia

Abdul Hakim, Roslan and Mohd Mustafa, Muszafarshah (2006) Globalisation, unemployment, and poverty: The need for a new perspective on social protection in Malaysia. Malaysian Management Journal, 10 (1 & 2). pp. 49-65. ISSN 0128-6226

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The integration of an economy to the global market, even when it leads to a higher standard of living, usually results in economic uncertainties, as well as eroding social values and traditions of the society. Some people may gain, while some others may lose out from it, which may couse distributive conflicts to emerge. The economic uncertainties and insecurity, as well as the distributive conflicts that arise from globalisation, could disrupt the economy from securing the bebefits of globalisation, and consequently could pose an impediment to economic growth. Hence, some scholars has argued that globalisation also increases the demand for greater role of government to stabilise the economy in terms of providing adequate social protection, if the benefits from globalisation are to be realised. This paper attempts to examine the impact of globalisation on the welfare of the Malaysian society, particularly on unemployment and poverty, and discusses the issues and challenges with regards to the provision of social protection in Malaysia. The paper argues that Malaysian needs a new perspective on social protection, as the existing institutions are deemed inadequate in providing protection to the society in the globalised economy.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: College of Arts and Sciences
Depositing User: Prof. Dr. Roslan Abdul Hakim
Date Deposited: 12 May 2011 06:17
Last Modified: 12 May 2011 06:17
URI: http://repo.uum.edu.my/id/eprint/2921

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