Whither globalisation and convergence? Asian examples and future research

Among the most popular of buzzwords and debated topics for governments, policy-makers and management as well as academia are globalisation'. Under its influence, one implication is that there is convergence' around a set of universally applicable and transferable beliefs and global' standards or best' practices which in turn produce ever more standardization with homogenized and similar nations and practices - the McDonaldisation' of everything. However, this is not a new idea and needs historical grounding and context. Also, in Asia, we can see globalization differently with not only constraints and alternatives, but even counter trends at both institutional and cultural levels, such as post-1980s ideas of the Japanisation' of management and industries and now the so-called Korean Wave' of Korean entertainment and popular culture rolling out over parts of the world. This indicates that globalization's converging impacts are less all-powerful than is often portrayed and thought.