Globalisation And International Trades And Communication

Globalisation is such a complex and broad topic with numerous aspects that it is described by academics in a large variety of ways although most of which overlap in one way or another. However, Stief (2014) simply describes it as a process that presents a connection and interaction between countries and nations particularly in economic, cultural and political aspects amongst others, with Trans National Corporations (TNC’s) such as McDonalds being increasingly present in Asia, or Spanish films being shown in New York as well as groups of countries coming together to create organisations such as the United Nations and European Union. Key characteristics of globalisation include improved technology, Non-Governmental Organisations, spreading of knowledge and importantly the movement of people and capital which this report will be focusing on. It is argued that globalisation would not be able to occur without the ease of movement of both capital and people between countries, but it is important to understand what effects globalisation has had on this integrated movement. European Union is an organisation that can be looked at when trying to find this as it is a closely integrated group of countries in Europe where the effects of globalisation are seen on a daily basis in almost all sectors of the member countries from education to healthcare. One of the numerous policies and agreements within the EU is the ability for both people and goods to move freely between

Although Australia remains geographically isolated from the world, international trade still remains a main factor that allows Australia’s economy to prosper. Australia’s long history of trade has created tight links and connections with other nations. Being a member of many worldwide organisations, Australia has produced many free trade agreements with countries around the world. However, recently Australia has seen a change in the composition and direction of its trade and has developed a strong trade link with the Asia-Pacific Region.

Globalisation is expressed in transcontinental flows and networks of activity, interaction and power between countries, irrespective of geographic distance. It establishes and maintains economic, political and socio-cultural relations. This interaction helps economies through growth in international trade, investment and capital flows. Some factors that have acted as the driving force of globalisation include technological innovation as it had made transport and communication around the world easier, capitalism and trade have also played an important role in encouraging globalisation. Trade

Globalisation refers to the process of interaction and integration among the people, companies as well as governments of countries around the world, particularly in terms of trade, investment and technology. The process of globalisation, has profound impacts on the environment, culture, political systems, economic developments, prosperity and human physical well-being in the societies around the world.

Globalisation- Globalisation is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in

The expansion of new markets – foreign exchange and capital markets are linked globally. They operate 24 hours a day with dealings any where in the world possible in real time. Financial deregulation and the floating of the Australian dollar since 1983 intensified the impact of globalisation on the Australian economy.

Australia’s trading links with other countries, specifically the Asia-Pacific region, has led to its advancing development in the modern world. Australia has always had strong trading links with the world and relies heavily on imports and exports. Australia Imports products such as petroleum and cars from other countries primarily China, The United States and Japan.

Make appropriate conclusions about the overall impact of globalisation on the Australian business community (positive and/or negative

Without the low cost foreign company in the nation, domestic producers can change the price of the goods and services which means the consumers have to pay more in order to fullfill their needs and wants. (http://www.wisegeek.com/what-is-protectionism.htm) Globalisation have changed Australia's trade patterns since 1960s. Australia decline in the importance of rural exports, increasing in the importance of mining, services and manufacturing. For example,wool has fallen from 60% to 2.3% of exports in 2003 and 2004 due to the rising quantities of others export. Also, the amount of services exported by Australia has significantly rising such as personal travel services, education related, passenger transportation services, business, professional and technical services.

One advantage of trade for Australia is the access to a wider variety of goods for Australian consumers. With the nation importing many different goods from Chinese trading markets, Australian consumers can purchase a wider variety of goods, services and foods that are not only of a better quality and cheaper due to increased competition, but wouldn’t otherwise have been available. Goods such as Chinese electronics, food items and furniture.

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 allowing goods, financial and investments markets to operate across national borders due to deregulation, improved communications, infrastructure and technology.

Australia has several ties with other countries. These ties are established in several ways, one of which is through trade. The nature of trade includes exporting and importing goods and services which form trade links with partner countries. Trade comes with its advantages and disadvantages. Australia also takes part in multilateral agreements, such as APEC, to be able to strengthen trade links.

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

Globalisations rapid progress can be measured in different ways. Immigration and travel have drastically increased in recent years. ‘Nations are exporting ten times the amount they did in 1950-and more money- more than $1.5 trillion a day- now moves across borders. In 1973, that figure was only