Could developing countries take the benefit of globalisation?

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.

Citation

Hartungi, R. (2006), "Could developing countries take the benefit of globalisation?", International Journal of Social Economics, Vol. 33 No. 11, pp. 728-743. https://doi.org/10.1108/03068290610705652