Impacts of Globilisation a Case Study of Australia

Globilisation has both positive and negative impacts on the world's population:

Globilisation defined as a process of interaction and integration of the people, companies and governments of different nations, a process driven by international trade and investment and aided by information technology. Globilisation affects countries economically, environmentally, politically, culturally and socially. Its affects have both positive and negative repercussions. The impact of Globilisation is passionately argued and debated; it can be viewed as a greatly beneficial happening, prosperous and opportunistic for all, it is also seen as detrimental, homogenisation of culture and society increasing the gap between the rich and the poor. It is an inevitable occurrence directly impacting upon Australia and its global links. Australia's role internationally is significantly influenced and shaped by globilisation. Globilisation has effects: globally, the creation of a global community; nationally, opportunities for economic growth via exposure and access to other economies and locally, the increased availability and accessibility of commodities and information to all peoples.

Australia's role and importance in the global community is becoming of increasing significance as the breaking down of national barriers occurs. Australia's access to economic growth has greatly increased with the forging of promising bi-lateral economic relations with multiple international economies. Australia's position in the global community has profoundly affected the behavior of Australian Government, businesses and households. The de-regulation of economic activity through government policy has aided the Australian economies position to advantageously access the opportunities arising from globilisation. Financial institutions all view and implement business strategy in this modern day in a globalised market. Globilisation has presented Australia with the opportunity to forge international