How Does Globalization Affect Australia

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.

Globalisation is not a new phenomenon, but has rapidly accelerated to become a key trend, due to the changes in policies and technological developments, that have subsequently stimulated increases in trade, investment and migration (Mortimore, 2001). Economies have been released both domestically and internationally, changing the market by providing more ability to trade between countries. This infers that world markets are becoming increasingly integrated, and such integration is being facilitated by the emerging rapid changes in communication, computer and transport technology (______) . The changes instigated by globalisation implicate a variety of adaptations to businesses, which ultimately affect employees. As such, research within Australia, provides noted evidence of income inequality due to the effects of globalisation on the labour market.

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 completely is not a new phenomenon in the present age. It is admitted that it has been playing a significant role in the economic development of many countries in the world as well as creating more opportunities for markets and a range of businesses to exchange their products and participate in the global competition. As a result, globalisation brings a huge benefit distributing to the economic growth all over the world, but it unfortunately contains some disadvantages that all countries should consider carefully when being a part of this process. This report’s aim is to give a clear definition of globalisation and explains it with an example. Particularly, Australia is an evidence of how globalisation impacts positively on its economic development and what it mainly harms for.

Globalisation is the developing economic interdependence among nations reflected in increasing actual movements across nations of trade, investment, technology, finance and labour, with the ability to move and the potential movement across nations with those five elements. Australia’s involvement in trade, investment, financial flows, technology transfers and the migration of labour since its foundation as a colony, has impacted and changed the structure of Australia’s trade, with considerable growth in manufacturing and service industries, with limited growth in the rural sector. The car manufacturing industry in Australia had high levels of protection in motor vehicles, with an effective rate of protection, in excess of 200% and 57.5%

Today topic is to discuss the processes of globalization and economic restructuring in Australia since the 1970s and show how they are impacting its cities and regions, but before we talk about how the process of globalization and economic impact the cities and regions, it is important to define the term of globalization. Globalization is the worldwide movement toward economic, industries, markets, cultures exchange, policy, communications, trade and financial integration. (http://www.businessdictionary.com/definition/globalization.html) it describes a process by which national and regional economies, societies, and cultures have become integrated through the global network of trade, communication, immigration and transportation, as a result,

Globalization, when considered in relation to trade and money, can lead one to wonder if it is all about powerful people, organised as corporations, making goods where labour is cheapest, carting it to where the price is highest, benefiting no one but themselves, trampling the planet in the process. Was it all worth it?

What is globalisation? How has globalisation changed over the past 30 years, and what has led to these changes? Globalisation is the process of trade of cultural change due to which the world is increasingly becoming interconnected. It has increased the production of goods and services.

Various negative outcomes can be attributed to this intensification of Global Apartheid and international disparities. These include, but are not limited to:

Globalization is the integration of the worldwide economy in which resources and products move freely across the globe. Globalization has been present for decades however it has predominantly become a more frequent process and has potential good and bad effects on the world of business. Problems can include competition in manufacturing jobs and unemployment in industrialized countries. However, this can also be beneficial in other situations as globalization gives you a larger market trade will be cheaper so more countries can import and export goods which can bring in profits to multi-national corporations.

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 is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources.

Globalization is taking place across the world where people can either become globalization or stay local in the state or country. People are very controversial about globalization helping local economies and local businesses. Some people believe globalization is helping local businesses into the markets and then there are some that believe that multinational corporations hurting the local small businesses. What is globalization? “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (). Globalization has started long before we were born.

One of the most common claims made against globalization is that it increases world poverty. Often this claim is supported with a statistic showing the high rates of poverty in a given

The main question that many people ask today is whether or not the countries are becoming too reliant on the global economy and foreign producers, or globalization. Globalization, according to the Merriam-Webster dictionary, is “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (Merriam-Webster). Many people in the world see globalization as either being a blessing or a curse, and necessary or completely unnecessary. This paper will explain that globalization has both benefitted and damaged the world but it is ultimately necessary.