Analyze The Role Of Globalization In Australia

For some people, globalization is so feared it is synonymous with world destruction. In the end, for all we know, maybe this will be proven before it is over. In reality however, there are many good things that have resulted from globalization(1, Premise). Let’s for a moment focus on the economy, even though there are many other advantages that have been brought forward that will also be discussed. Many Americans do not appreciate how efficient our markets are, in this case efficiency in reference to supply and demand is number one. These efficient markets allow economies to grow. As many have learned in a global world, when one economy grows, it spurs growth in all the other economies

The phrase of globalisation is becoming very popular around the world, and it gives free movement to communicate with people regarding cultural, economic, social, technological, political, educational and businesses. In the modern society globalisation has impacted on many human lives, which started in the western countries in (1492), according to Kevin H. O'Rourke, Jeffrey G. Williamson, and then it expanded all over the world. The word of globalisation can describe many different aspects such as globalisation of nothing, the making of the global society and the globalisation of wealthy and poor. According to Robert Shuey in (2001), ‘’globalisation is widely and somewhat loosely used a term, intended to describe the recent and rapid process of international, economic, social, and political integration’’. The idea of his words that globalisation is giving an opportunity to people, so they can travel, invest internationally, and communicate this can help many businesses people especially in Australia to invest more widely and internationally. Globalisation has impacted on Australian society in all terms of life, for instance, it has an enormous impact on health and education system, on technology, and on the Australian economy. But one of the categories is increasing so widely among Australian people who affect many young people’s lives is the impact of racism on the health and wellbeing of young Australians. The word racism is the very phenomenon aspect in the Australian society, especially between young people. On the very high percentage of many young Australians are experiencing racism between the nation, most of these racists are because of skin colour, cultural beliefs, different traditions from different countries, speaking another language and gender. Racism plays a significant role in the society, and many people are aware of this because when they face radical discrimination from any individual, they feel angry and frustrated, and sometimes they feel of not belonging to the local community.

The effects of Globalisation on Australia can be disseminated into a number of different categories. For the purposes of this report five major categories including Economic, Social, Cultural, Environmental and Political have been explored and summarised but is by no means exhaustive.

There are a multitude of observations that can be made when analyzing the life of youth today, then of our parents in the 1960-70’s era. Economic and social transformations that have a direct impact on youth and how it is experienced today, particularly in the workplace can be evaluated through the sociological concepts of Globalisation and Social Change and are noticeably intertwined. We see in Australia that Globalisation has been a driver in exacerbating inequality in our society from that of the youth under the age of 21 in the 1960-70’s era to now. Through the increase in worldly connectedness we are met with diversity, both in people and the sharing of information via technology which has stimulated Social Change. Norris (2000) highlights

Globalization emerges in around 1700s which happens until now. It gives impacts to the developing of technology, economy, politic, and social. As time goes by, globalization gives a damaging impact to the world, one of it is on the security field. Geoffrey Till believes if globalization resulted a new paradigm for collaborative sea power which encourages a borderless economic world. Australia that has a strong economy power and located in a strategic location, it gives a benefit for Australia which is become a country that well positioned as a trade and investment base for international companies doing business with Asia. Hence, the security of seaborne trade of Australia is in menace. The concept that can be used to solve any risks that can

Today’s world can be described as a ‘global village’ (Marshall McLuhan,1962) in where business transactions, instantaneous movements of information and human migrations have pushed physical and conceptual boundaries away and thus contributed to the process of international integration. In 2004 Crafts defined globalisation as “a process of integration of goods and capital markets across the world in which barriers to international trade and foreign investment are reduced”.

Globalisation can be defined as the movement toward economic, financial, trade, and communications integration by countries and their populations globally. It is a constant process and it has resulted in the intertwining and generalisation of the needs and wants of people

The practice of world trade amongst countries has taken over the rate of domestic production. It has led to the free flowing of money across national borders, which opens doors for companies and investors to seek for best rates for financing anywhere across the globe. Such trend is known as globalization and Cullen & Parboteeah (2008) defines globalisation as the worldwide trend of borderless and interlinked world economies, and companies no longer restrain by domestic boundaries and possibly conduct any business activities throughout the globe.

The decade of the 1990s has witnessed an inevitable process of globalisation all over the world. In a single, integrated world market, globalisation refers to a broader and deeper growth of international trade, culture, finance and technology.

Globalisation is subject that has been well discuss over the years and there have been many different definitions of it. for example, some describe it as “a process by which the world is becoming increasingly interconnected because of massively increased trade and cultural exchange” (BBC). Another definition is that “a process of interaction and integration among the people, companies, and governments of different nations” (Globalization 101). However, globalisation is not a new phenomenon or something that has just been happening for a few years, people have been trading for thousands of years, one example is the famous Silk Road which runs across Central China and connected China and Europe in the Middle Ages (globalization 101), but it is in the last century that this globalisation phenomenon has been growing at a fast pace (Nassar 2007:2). Therefore, we can all agree that the term Globalisation has been use to describe the integration of different topics such as the market, values, environmental and political concerns that different nation may have across the globe, for example the technological and economic development which help western manufacture companies to produce their goods using cheap labour from Asia, or the political issues which helps to regulate “international corporations and the privatization of state assets in order to meet the requirements of the IMF and World Bank” (Aas, Katja Franko. 2013:3, Nassar 2007:2). One of the main reason for globalization or global integration is to generate higher profits and the desire for greater economic success and better future for everyone. (Nassar 2007:2)

Globalization has been imperative for sustenance of the companies and countries across the spectrum. Growth of free trade has caused changes not only in one aspect. It has brought changes in all the endeavors of people across society. It has been said that globalization is the process of international integration that arises from interchange of world views or products or others aspects of culture (Alon, Jaffe, and Vianelli, 2013). It cannot be delineated to any one aspect. It has caused a number of positive growths across the countries and has caused improvement in the quality of life of the people. However this aspect of globalization is not perfect. There are some inherent gaps and vulnerability to this aspect of

Globalisation is disputably the most vital factor currently shaping the world economy. Although it is not a new phenomenon (waves of globalisation can be traced back to the 1800s) the changes it is bringing about now occur far more rapidly, spread more widely and have a much greater business, economic and social impact than ever before.

Responding to globalisation, the government, politicians, economists, lawyers and other related stakeholders have intensively generated multifarious ideas, concepts and debates concerning what, why and how we should deal with this prominent issue. Globalization has been a pragmatic way of depicting the spread and borderless nature of production, communication and technologies that has resulted in making nations and societies around the earth more interconnected and interdependent. Regarding international trade, it has increased the number of goods not only high technology product but also shoes and clothing, are manufactured in global networks of supplies of raw materials and intermediate goods and producers of final goods located in many countries. As a result, globalization led many countries to closer international economic integration.

The issue of globalisation is multifaceted and therefore a short overview is provided. The structure will lead through definitions of

|More access to food, services, healthcare etc. all over the world |Heavy environmental cost |