How Does Globalization Affect The Economy Of Sydney

Sydney is a world city that currently has urban dynamics operating in it. Sydney is located on the coast in the South-East quadrant of Australia. Urban Decay and Renewal is clearly evident in Pyrmont – Ultimo, a suburb located with in a kilometre from the CBD. Rhodes , further to the north west of Pyrmont, is also under going Urban Decay and Renewal. The silicon corridor is an area of places where companies have decided to suburbanise some of their office blocks due to the cheaper land. The corridor originates in North Sydney and goes in a north westerly direction from there, passing through Chatswood and North Ryde The

PART A: Pyrmont is a bustling neighborhood with great restaurants, cafes, parks and beautiful gardens. The local government area is located in the City of Sydney and is an important part of the Darling Harbour region. Housing in Pyrmont is identified by high-density apartments, industrial high-rise buildings, affordable housing and heritage cottages. Pyrmont has a “land area of 27km per hectare” (City Of Sydney, 2014) with approximately 124 people living per hectare, showing evidence of urban consolidation and a large population in the city. The demographics of Pyrmont convey a multicultural and proficient civilization with the demographics conveying that only “39.5% residents are born in Australia” (Australian

Blacktown’s economic competitiveness is vulnerable by an inadequate supply of knowledge-intensive industries and also a supply of the required labour in the local government areas. This is evident in a record of statistical data relating to the number of people in Blacktown employed in management and professional occupation. In comparison to Blacktown to the rest of Sydney, it is conveyed that Blacktown city is significantly less by reading the analysis of the employment status of people aged 18 to 24 years (as a percentage of the labour force) in

Sydney, centrally located on the eastern coast, is Australia’s largest and most influential city. Its multicultural nature, advanced infrastructure, state of the art technologies, scale of foreign investment and architectural ingenuity not only make for a highly desired international tourist destination but are all compelling evidence to suggest that Sydney is in fact an established city of the developed world. As in any developed city, there are a myriad of urban dynamics of change at work that have, and will continue to evolve the morphology of the Australian metropolis.

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.

The topic that I have chosen to research for the duration of this assignment is Urban living and Working conditions. Foreigners migrated to Australia because of the term ‘ the working mans paradise’. But that was only because of the eight-hour day, which was commonly inconceivable as well as other benefits that were un-available in foreign countries such as Europe.

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.

In the course of the most recent five years our city economy has demonstrated its flexibility by withstanding the worldwide financial recession. About 2000 organisations were added to the city since 2007. Major urban restoration ventures over the City of Sydney are giving occupations and lodging. Green Square, Australia 's biggest urban redevelopment task, is only 3.5kms from the downtown area. The $8 billion redevelopment will give homes to 11,000 new inhabitants and 22,000 new labourers.

The population of Sydney, Australia is 4.029 million people. The city was found on January 26, 1788. Sydney is located on Australia’s south east coast toward the Tasman Sea, which is located in the south-western part of the South Pacific Ocean.Summers are hot and warm, while winters are cool and mild. Most rainfalls are throughout March and June. Some common jobs in Sydney are carpenters, school teachers, wildlife workers, farm labourers, and architects. Service economy, fuels by government, commerce, retailing, transport, entertainment, finance, and tourism are some of Sydney’s major industries.

The process of urbanisation is a central feature of Australian history. By 1900 over two-thirds of Australians were living in areas that were classified as urban. The growth of these cities was encouraged by various factors; the interaction and engagement of economic, demographic, political and social characteristics are definitely the key features that promoted the urbanisation of Australia. However, with the development of Australia came problems that people living in cities had to face. Environmental and health difficulties were to be over come in the city suburbs while economic depression followed after a period of prosperity and progress.

The impact of globalisation has also changed the structure of Australia 's trade. There has been considerable growth in manufacturing and service industries with limited growth in the rural sector (Table 2). This reflects a combination of changes in world demand and domestic structural reforms.

In today’s world, with a few notable exceptions, nearly everyone in every region of the world has access to the same products, information and services. A long-distance relationship is no longer so distant, since each party involved in the relationship can communicate through Skype, Facebook or through any of the vast amount of social media available. A person in Easter Island, one of the most remote inhabited islands in the world, can go to the other side of the world and travel to Canada. An economic crisis in Argentina could affect the economic landscape in Brazil. A person in Chile or Peru can buy an Abercrombie and Fitch t-shirt because this transnational corporation decided to expand its market to developing countries, or as you might prefer, to emerging economies in South America. Although many of these examples might be trivial, these are the consequences of globalization.

With an increase in urbanization, more people are moving to the industrial cities in pursuit of alternative lifestyle and jobs. Life in city and suburbs can be compared and contrasted with various aspects in mind since they share quite some details in as much as they are vastly different. Firstly, the transportation is more accessible in the city as compared to the suburb where there are no apt transport networks as compared to the city, among the transport mode in the city are subways, busses, trams and ferries. These provide easy, fast and cheap means of getting around in the city in as much as the streets are crowded. This is in contrast to the suburbs since owning a car is mandatory since such public transport systems are not available. When the costs of insurance, fuel expenses and time of commuting are added up then transport in suburbs is seen to be expensive when compared to that in the city. The easy transport in the city does not come all rosy since the city is also flooded with traffic jams due to congestion and this can render transport slow. This is contrast with suburb life where there is no traffic and hence with no congestion traveling in suburbs is more peaceful (Boulter, 2005).

Graduated from Union College in three years, I am looking forward to extending and developing academic interests in international economics - the area of specialty in which I have concentrated my coursework and research at undergraduates. With the experience of growing up in China, I want to explore more about how globalization affects this country. I am currently working on my economic senior thesis – evaluating the importance of actively technological progress and transformation from investment-driven to consumption-driven to help China maintain a sustainable high economic growth rate. In particular, I am interested in investigating the possibility of duplicating China’s rapid economic growth in other developing countries after volunteering in Nepal. Therefore, I decide to pursue an economics PhD degree in graduate school. I believe the economics PhD program at (school name) will both train my skills and help me to explore economic fields from various aspects. I expect to participate in (school program) to learn more knowledge about (relevant topic name.)