Effect of globalisation on australia

Rep Power 11 Yeh what timmii has said is exactly what the markers are looking for. You could also cover the effect on the economic indicators such as globalisations effect on growth, unemployment etc. Yeh if you wanted me to cover this meh. An example is induring the Asian financial crisis.

Effect of globalisation on australia

This could include tax minimisation by taking advantage of government incentives, setting up in a strategic location for a particular region or market or settling in a place where costs are low.

Globalization and Its Impact on Australia | Ryan ilahi It has certainly been a tremendous week for sport, and for Australia.
Essay on Effects of Globalisation on Australia | Year 12 HSC - Economics | Thinkswap It is my great pleasure to address you on the occasion ofthe launch of the Monash Institute for the Study of Global Movements.
One comment Australia must export goods and commodities to other countries so that it can earn money to pay for the goods and commodities it imports. In short, Australia must export coal, gold, and wheat so that we can import televisions, clothing and cars.
Impact of Globalisation on China's Economy | Year 12 HSC - Economics | Thinkswap Linkedin Decades of economic reform have underpinned a long period of Australian economic growth.
Impact of Globalisation on Australia This chapter outlines some of the positive and negative aspects of political, economic and social globalisation in Australia. Political globalisation Politically, Australia has had an interesting history.

This chapter introduces some of the concerns with regard to the effect of globalisation on production. Primary industries In the last century, there has been a distinct increase in demand for natural resources, such as timber, minerals, materials and food.

Resources are scarce in many developed countries, either because the land is not viable or because of urban development. Primary industries therefore benefit from globalisation because resource-poor countries provide the market and the capital to establish commercial interests in countries that still have natural resources.

This gives the resource-rich countries something valuable to export in the global marketplace. See image1 A negative side effect of globalisation is the possibility of exploitation of the resources and some of its harmful consequences.

The mining industry in Australia, for example, has been accused of destroying natural heritage such as bushland containing sacred Indigenous sites. Developing countries are particularly susceptible to exploitation because many corporations wield more power in the global economy than struggling governments.

To compete on a global scale, governments open their resources to export markets at the expense of long-term economic sustainability. It is sometimes the case that the market takes what it wants and leaves the rest for the country to deal with.

Often, the country is too poor to solve some of the more complex social and ecological problems. See image2 Secondary industries Secondary industries deal with the labour and equipment required to process primary products. This includes industries such as manufacturing and food preparation.

If the place of operation is also close to the market where the products will be sold, then the company benefits again from lower distributions costs. See image 3 The downside of the labour market is that often, countries with higher standards of living and higher minimum wages lose secondary industries to other countries.

Political globalisation

Australia's manufacturing industry, for example, has suffered because labour costs in some other countries are cheaper than the equivalent labour here.

Global distribution of technology also plays a role in reducing the labour market for secondary industries. As the cost drops, even poorer countries can start to adopt technology that replaces the work force, which affects unemployment.

See image 4 Tertiary industries Tertiary industries are service industries, including tourism, customer assistance and education. This is one of the areas where developed countries can compete with low wages in other countries because many tertiary industries require employees with certain educational standards and, sometimes, specific skills.

Tourism, for example, is an industry that cannot be removed from the source country. See image 5 The disadvantage of tertiary industries is that they require a balance of supply and demand.

Unlike primary and secondary industries, which depend on global needs, tertiary industries are susceptible to the variations in market forces. An example is the decline suffered by the travel industry following the World Trade Center attacks in New York in Technology may influence some tertiary industries that are not location specific.

Call centres in the customer assistance industry, for example, can be relocated to any place that contains employees who speak the language of the source country. Some forms of education can be completed via correspondence over the internet. Globalisation therefore affects tertiary industries, but the extent of trade depends on the demand for the skills and services that tertiary industries supply.

See image 6 Conclusion Globalisation affects all three tiers of production, but in different ways. Globalisation provides a market for primary industries, but demand can sometimes take priority over sustainability, to the detriment of long-term practicality. Secondary industries benefit from globalisation because corporations choose areas where the market suits them, but this may lead to unemployment for skilled workers who live in countries with a higher standard of living.How one views ‘the effects of globalisation on Australia’ will very much be determined if one defines globalisation in its broader sense or otherwise.

Globalisation seems to be the catch phrase of the 21st Century.

Effect of globalisation on australia

It has no real definitive meaning but is an all encompassing term which society. Globalisation in Australia, Globalisation, The Global Citizen Ecology and Economy, SOSE, Year 9, QLD This chapter outlines some of the positive and negative aspects of political, economic and social globalisation in Australia.

Similar Documents to Essay on Effects of Globalisation on Australia economy where the economies of individual countries are linked to each other and a change in a single economy has an effect on other economies (contagion).

Essay on Effects of Globalisation on Australia - Essay on Effects of Globalisation on Australia. Message . A negative side effect of globalisation is the possibility of exploitation of the resources and some of its harmful consequences. The mining industry in Australia, for example, has been accused of destroying natural heritage such as bushland containing sacred Indigenous sites.

Impact of Globalisation on China's Economy User Description: Globalisation, which is the integration between different countries and economies (Dixon & O’Mahony, , p4), has lead to an increased impact on all aspects of life and economic activity on China.

Nov 10,  · Impact of Globalisation on Australia Hey everyone!

Effect of globalisation on australia

In effect, Australia lost many of its export markets in the process, this resulted in a lower productive capacity of Australia which in effect caused the stagnation of growth for Australia's economy. Effect on unemployment: Since , there has been a clear correlation between the.

Industrial Relations: The effect of globalisation on the economy