Role Of Australia In Globalisation

Globalization

Stokes (n.d. para. 1) states that, “Globalisation is the growing economic interdependence among nations as reflected in increasing actual movement across nations of trade, investment, technology, finance and labour.”Australia has exercised globalization since the foundation of colonies by settlers and has thus participated in international trade such as labour migration, technology, political, social, and environmental and investments. Hence Australia has experienced democratic freedom, economic growth, financial success as well as environmental degradation, pollution, exploitation of developing world for child labour and human rights abuse.

The Australian dollar has played a major role in the financial deregulation and intensified