Globalization, Economic Crisis and Employment Practices: Lessons from a Large Malaysian Islamic Institution

Pawan Budhwar and Khairul Fadzil

Asia Pacific Business Review, 2000, vol. 7, issue 1, 171-198

Abstract: This contribution initially discusses the ever increasing globalization of business and its impact on nations which embrace globalization without adequate preparation. The essay also highlights the need to understand and acknowledge the different ways of managing human resources in different parts of the world. Considering the ever increasing popularity and the following of Islam worldwide and the globalization of business, an attempt has been made to highlight the key Islamic work principles and their usefulness in creating a unique internal labour market (ILM) which can significantly contribute to the successful operating of organizations and enable them to achieve a sustained competitive advantage. The findings have key messages both for academicians and practitioners in the field of international business, human resource management and organization studies.

Date: 2000
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DOI: 10.1080/13602380000000008

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