Standard Chartered: More than 80% of Malaysia’s business leaders remain confident in globalization and trade
A new white paper by Standard Chartered, Resetting Globalization: Catalysts for Change, has revealed that 88% of global business leaders, including those in Malaysia, agree that globalization is succeeding across the five underlying pillars of trade, capital, technology, talent, and sustainability.
In Malaysia, business leaders express the most confidence in the role of capital in globalization (75%), although 11% believe the flow of capital worldwide should be controlled, the highest among surveyed markets.
Malaysian business leaders, more than their peers in other markets, are likely to say that international trade has been good for only a few economies (52%). However, over 80% acknowledge that globalization has built more resilient supply chains, and globalized services have created significant opportunities in the country.
