By DPA
Singapore : Most manufacturers in Malaysia and India are bullish on globalisation making new markets accessible and offering cost savings by outsourcing, a study said Friday.
Malaysia’s percentage balance, the difference between the proportion of businesses indicating an opportunity rather than a threat, was 73 percent, with India right behind at 72 percent.
Grant Thornton accounting firm’s International Business Report 2007 ranked Singapore third at 64 percent.
Manufacturers in Thailand, Australia and New Zealand viewed globalisation as a threat, with their respective percentage balances negative 13 percent, negative six percent, and negative five percent.
Global manufacturing businesses were most concerned about the impact of raw materials and energy on cost pressures.