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Australia: An Evaluation of Political, Economic, Ethical and Legal Issues

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Australia: An Evaluation of Political, Economic, Ethical and Legal Issues
Katrina Shay
Country Analysis – AUSTRALIA
Intro to International Business
Spring 2015
Katrina Shay
Intro to Internat 'l Business
Spring 2015
Francisco Paredes Sanchez

I. INTRODUCTION

Australia is located between the Indian and Pacific oceans. The nation was originally inhabited by the native Aborigines and was first discovered and explored by the Dutch in the 1620’s. Later the land was claimed by Captain Cook for the British Empire. The British officially arrived in the nation in 1788 where they established a penal colony in what is now the cities of Sydney, Hobart, and Brisbane. Convicts were no longer transported to Australia in 1868.

Continental Australia is made up of five states – Queensland, New South Wales, Victoria, South Australia, and West Australia. The country also has three territories – Tasmania, the Northern Territory, and the Australian Capital Territory - as well as external territories - the Australian Antarctic Territory, Norfolk Island, Christmas Island and the Cocos (Keeling) Islands (“Australia: Introduction”).

Australia is the 6th largest country in the entire world and is almost the size of the continental US (“AUSTRALIA”). Australia really is unique from the rest of the world from their political parties, their mixed economy, and their legal system to their religion, culture, and social structure.

II. POLITICAL – ECONOMIC – LEGAL –ETHICAL ENVIRONMENTS

a. POLITICAL SYSTEM
The Australian political system is much like that of the United States. Both systems of government follow the idea of indirect democracy and are based on principles of the preservation of minority rights, political equality and majority rule. Both the US and Australian political systems are federal systems. Both have a parliament composed of a House of Representatives and a Senate, a written constitution that defines the powers if the Federal Government, and an independent judiciary - the Supreme court in the US and the High Court in Australia - that


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