How Does Globalization Affect Australia

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

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.

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?

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%

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.

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,

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.

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

This leads us on to the second point, the claim that global poverty levels have diminished. Dehesa states that since the 80’s ‘world poverty has decreased substantially’ and following this, poverty is persistent because globalization levels are insufficient. Moreover, countries are left out because of the lack of appropriate scenarios for globalization to settle. First, figures of overall poverty levels can be misguiding. For instance, the World Bank differentiates ordinary poverty (living on $2 a day) from extreme poverty (living on $1 a day) and evidently highly advertises that globalization has succeeded in almost halving the extreme poverty levels from 1981 to 2001. However, the issues with these statistics are: when taking China out of the scenario, extreme poverty headcount rises and even including China, ordinary poverty has actually increased. Secondly, it is also misguiding to refer to percentages as oppose to absolute values. Thus, while proportionally poverty has fallen, in actual quantities

Much discussion has been conducted on the topic of globalisation of the world of economy. Globalisation may be defined as the increasing economic and financial integration of economies on a global scale. Factors enabling globalisation include the change in technology which is the socialised knowledge of producing goods and services, as well as the reduction in the protection of the world economy such as the successive reduction in trade barriers since the Second World War. Consequences that arise as a result of Globalisation are known to be both positive and negative. One consequence faced by Australian businesses and industries is the aggravation of unemployment. Another is competition, in which demand and supply are balanced out by a regulatory function when businesses challenge each other by offering the best price, quality and service of their ability. A change in technology has been a main facilitator and driving force of most of the globalisation processes. Improvements in the capacity to produce have been made applicable through technology. The spread and speed of knowledge transfer and communication have increased, meaning that Australian businesses are able to market products at a cheaper price and be exposed to a global market to compete. This is because it is a requirement for producing goods such as clothes and cars, as well as services such as banking and security. Technologically, most

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.

Globalization is when interactions are made from trade and financial relationships amongst people, government, and companies. This is what allows the people around the globe to buy and sell the same items, even if the products weren’t from that country originally. That may seem alright, however, there are arguments between individuals who believe it has negative effects and those that see it as a positive force. Although, I believe it is positive for the United States and for the rest of the world, just take a look at the economic and cultural borders.

People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.

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.

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.