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Introduction: Globalization and Employment in South Asia

  • Hiroshi Sato
  • Mayumi Murayama
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Part of the IDE-JETRO Series book series (IDE)

Abstract

Is ‘globalization’ a new word representing a new phenomenon? Or is it merely a newly coined word to designate an age-old phenomenon? Scholars like Amartya Sen who view ‘globalization’ in terms of human history over several millennia would argue that globalization, in its basic form, is not particularly new, and that around the year 1000, the globalization of science, technology and mathematics was changing the nature of the old world (Sen 2005: 345). Sen, however, emphasizes here the importance of the migration of peoples and the transmission of ideas, goods and technology. Coming much nearer, we may cite ‘world system’ theorists like Wallerstein who hold that Western capitalism has woven a globalized network by engendering integrated but basically asymmetric economic relations between metropolitan centres and peripheries. There is certainly merit to extending our intellectual horizons far and wide, but here we have to concentrate our focus on the particular situation which made the word ‘globalization’ so central to our understanding of the current global political economy.

Keywords

Labour Market Foreign Direct Investment Reference Period Informal Economy Labour Force Survey 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Institute of Developing Economies (IDE), JETRO 2008

Authors and Affiliations

  • Hiroshi Sato
  • Mayumi Murayama

There are no affiliations available

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