globalisation and its effect.
...ised economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments. Globalisation is an undeniably capitalist process. It has taken off as a concept in the wake of the collapse of the Soviet Union and of socialism as a viable alternate form of economic organisation. Globalisation effects on on Australian businesss include; cheap offshore production, reduced transport costs, virtual communication, standardisation of logistics and global marketing.There is a greater scale in manufacturing and specialisation in manufacturing and there is a new importance of brands eg. ford sold its components business for $1.5 billion. Other aspects are the greater specialization of production eg. Hewlett Packard, more outsourcing eg. soaps & medicines, the greater increase of in brand values and new technology niches eg. steel mini mills. The effects of globalisation on Australia include the narrowing of the wealth gap; evidence shows that the poorest people within countries share in the gains from national growth.As Australia's average income increases the poor proportionately recieves those gains Globalisation effects on employment means an increasing number of jobs in services rather than manufacturing with workers providing a service rather than a job. It siginifies the end of 'lifetime' employment which suggests people now and in the furture will change careers many times throughout their lifetime. Evidence has also shown that indviduals manage more of their own affairs due to these effects. As globalisation inevitably grows in Australia so will trade,foreign investment,immigration,adaption of technology,mining & agriculture industries,services in; distribution, logistics,transport & financial services and manufacturing. Australia's economy and cultural life have been extensively affected by globalisation and modernisation such changes are: - new relations have been established between state...