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Executive Summary This assignment presents the globalisation and its impact on Asian societies It discusses the economic social and political forces which are shaping the Asian society The case of Chinas globalisation policy and its impact of on the rest of the world and its internal society is presented in detail Furthermore the analysis of KOF index is also presented which is based on the economic social and political globalisation with reference to China The first section of the report deals with the globalisation and economic factors It discuses the macro economic policy and economic reforms followed by its conclusion The second section presents the cultural factors and the aspects of globalisation in Asia The final section details the political factors It also presents the effect of Chinas globalisation in retrospect An analysis of changing modern Chinese society due to the globalisation is also presented followed by the commentary on KOF index ratings Table of Content Introduction 1 Globalisation and Economic Factors 11 Macro Economic Policy 12 Economic Reform 13 KOF Index Economic Analysis 14 Conclusion 2 Globalization and Cultural Factors 21 Aspects of globalization in Asia 22 KOF Index Social Analysis 23 Conclusion 3 Globalisation and Political Factors 31 Chinas Impact on Globalisation Process 32 Impact of Globalisation in Shaping Modern Chinese Society 33 KOF Index Political Analysis 34 Conclusion Introduction The aim of this paper is to analyse the experience of Asia with globalisation and how it has impacted on economic growth development inequality and distribution The paper will focus on three of the major Southeast Asian economies Indonesia Malaysia and Thailand which have experienced rapid growth due to rapid liberalisation and globalisation in the 1980s and 1990s including the economic boom in the 1990s OECD Development Centre 94 rue Chardon-Lagache 75016 Paris Nearly two years since Asias economic crisis began during the second half of 1997 the region has begun to
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