Country Case- Austrailia

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Globalization in Australia

Introduction

Globalization literally means the process by which the local phenomenon is transformed into global ones where every person in the world is united into a single society and work together as dependent partners For a country to be globalized , it has to coordinate its economic social , cultural , political and political aspects . Basically , the term Globalization has been used to refer to only the financial aspect of Economic Globalization which is the transformation of National Economy

into International Economy through Technology , Capital Flow , Foreign Investment , Migration and Trade (Hirst and Thompson , 247

According to the UN-ESCWA , the term means , elimination or minimizing of national boarders so that the flow of goods , services , capital and labor can be facilitated . As globalization continues to sweep every nation , it has had its ups and downs . While on one side it helps in opening up of new markets and wealth creation , on the other end , it is a major contributor to the world dis and unrest . Economic globalization can be measured using mainly four economic flows :- goods and Services , Technology , Capital and Labor (Bracer and Costello pp .19 . This essay will look at the features of Globalization in Australia , How the process is driven , the effect that it has had on political scene of the country and finally it will look at how it has affected Australian relationship with other countries

Political Perspective of Globalization

Australian Globalization has taken effect on its political system...