Growing Interaction of Human Factor in an Era of Globalisation

William Anderson, Stephanie Morrison

Abstract


The financial crisis, which has engulfed East Asia since July 1997 and has subsequently spread to Russia and Brazil, is one of the most pressing challenges facing countries and businesses in today's global business environment. Most of the response to the financial crisis has focused on macroeconomic aspects and there is relatively little research on the role of human resources. This review attempts to address these two limitations. Since the human factor is the key in the new era of globalization the primary objective of this paper is to present a conceptual framework for effective management of human resources as a response to the growing interaction of globalization and business performance

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