Evaluate The Role Of Globalization In Australia

Henry Ford, whose name arouses recognition to this day, was one of the most well known figures in the automobile industry. He had created the assembly line to use within manufacturing in order to increase productivity, and consequently, reduce the prices of automobiles. With these famously low prices, it wasn’t uncommon to see cars, such as the 1920 ReVere Touring Car, parked around cities (Doc D). Finally, most American persons would be able to afford a personal vehicle. Due to the growth in this particular industry, employment opportunities had opened up for the common man, with the demand for car factory laborers. It seems, that with this advancement, America was better

External stability is an aim of government policy that seeks to promote sustainability on the external accounts so that Australia can service its foreign liabilities in the medium to long run and avoid currency volatility.

Globalisation is not new. Australia has been involved in trade, investment, financial flows, technology transfers and the migration of labour since its foundation as a colony. What has changed is the size, direction and influence of these transfers, especially since 1980. There are a number of factors that have aided this transformation. They include:

Globalisation has effects on the environment, culture, political systems, economic devel`opment, prosperity, and on human physical well-being in societies around the world. Globalisation allows free transfer of capital, goods, and services across nations.

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.

A process known as globalisation links different countries around the world together through different ways such as trade, investment, migration, internet, social media etc. Global trading is a major aspect of globalisation where different countries import and export goods and services with other countries. Globalisation has significantly changed over the past 30 years. Economies of scale has led to an increase in the production of goods, thus, created the need for expansion of markets beyond domestic boundaries. In addition to merchandise, various types of services are rendered to customers globally. This includes IT support, tourism, financial services etc. Globalisation has led to an upsurge in trade, multinational corporations, greater dependence on global economy, and easier movement of capital, goods and services and

Globalisation is the process of integration and sharing of goods, capital, labour, services, knowledge, leisure, sport, ideas, and culture between countries. Globalisation is making a positive contribution to the world in many ways, such as, increased competition, stabilised security, and more wealth and economy throughout the world. Globalisation has increased the competition between many retail stores. When there are multiple producers trying to gain hold of the economy, generally the quality of goods and services rise as a result. With globalisation, more businesses are starting to cross international borders introducing a higher standard into the global marketplace, by doing this, consumers have greater options to choose from.

Globalisation is the process of global economic, political and cultural integration performed through deterioration of protectionist policies to result in growth of international trade, investment and capital flows. The globalisation phenomenon is playing increasingly important role in advanced, emerging and developing economies in affecting domestic industries. Although globalisation has positively impacted Australia and China, counties such as Zimbabwe have faced increased discrepancies in income inequality and poverty levels and caused disruptive structural changes. Through implementing policy reforms from 1970s to 1990s, China’s microeconomic and macroeconomic policies have attracted globalisation resulting in economic growth and development, however the government has to face

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.

Criterion, the New Zealand created assemble-your-own furniture company experienced great success, not only globally but also domestically, expanding their market to US, Singapore, Guam, Hong Kong and the Philippines, as well as they’re home markets New Zealand and Australia. Many factors needed to consider when expanding a market overseas. Barriers like religion can alter the way companies operate to suit their employees. Globalisation, Communication, Working in teams, leadership and motivation have been analysed and related to Criterion from their success with international markets.

Fordism, a term that in the early 20th century forged from Ford Motors which was found in 1903 and became widely used in describing mass production and mass consumption. The term itself was named after Henry Ford when him and his engineers came up with new innovations in layouts of the factory to be used on a regular basis to modernize operations and reduce the time required to assemble each car which ultimately led to an increase in demand. Fordism has been used for years and if it never reached the light of day we would not have production as fast as we do now. In this essay I will be explaining more on what Fordism is and will be provide examples regarding why it was a good idea.

Named after American industrialist Henry Ford, Fordism is essentially a modern socio-economic system designed on the bases of industrial mass production in the 20th century. There are many aspects of Fordism in terms of its social and economic organisation, such as the relation to production line techniques, the nature and pattern of consumption, and overall state regulation. This essay will firstly outline the three major characteristics of Fordism; the standardisation of goods produced, the synchronisation of assembly line workers, and the concept of how higher waged workers are able to afford the goods they produce. Moreover, the 21st century patterns of production,

Many historians and sociologists have identified a transformation in the economic processes of the world and society in recent times. There has been an extensive increase in developments in technology and the economy as a whole in the twentieth century. Globalization has been recognized as a new age in which the world has developed into what Giddens identifies to be a “single social system” (Anthony Giddens: 1993 ‘Sociology’ pg 528), due to the rise of interdependence of various countries on one another, therefore affecting practically everyone within society.

Fordism is a concept that is named after Henry Ford, a well-known industrial pioneer and motor industry icon. Fordism is based around the idea of industrialized and standardised form of mass production. It is related to the idea of mass consumption and is based on the idea that if it is made in a larger quantity then the price to produce these products can be reduced. This could then possibly provide an opportunity to gain a larger market. Understanding Fordism and the scientific management concept will contribute to the understanding of major social changes of the twentieth century.

No longer is it a question of whether globalization is having an impact on all aspects of human life; the more pressing question being asked today is what that impact entails. “The core goal is to explore the situated effects of the era in which we are living now on the global and local cultures of young people” according to Jacqueline Kennelly. The youth