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Benefit Of Globalization In Australia

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There is a numerous amount of obvious benefits of Globalisation. Firstly, Globalisation has increase the variety for consumers in terms of foods, music, entertainment, fashion, cars and sports. Which allows consumers around the world to learn about other countries cultures, interest and agenda. For example without Globalisation, Australia and other countries wouldn't be able to purchase the car brand Toyota. Secondly, Globalisation has helped to provide jobs in developing countries. This is due to the cheap labour and long hours, people in developing countries are willing to pay to get an income. Examples of this is the Australia car brand Holden will be manufactured in China in 2017, so that they can save more money and also get away from
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America! We know that there is no better place than the US of A. No country comes close to its greatness. America has achieved things once thought impossible, conquered many nations, and won half of the wars that they had no reason to get involved in. It is quite simply the best thing in the history of anything ever, right?

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By putting up the factory, more and more goods can be produced in a new area. The advancement of capital leads to more services, which in return boosts the country’s economy. China definitely sustains a growing capital so that the country can continue producing the most goods and services. A majority of the items I own are labeled “Made in China.” Because the country motivates the expansion of entrepreneurship rather than capital, the factory workers have produced machines that can do all the work for them more quickly and sufficiently (Prableen Bajpai 1).

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China has succeeded in evolving their economy by upgrading their technology and bettering their economy for the world’s largest population.

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When one looks through their clothing, and personal belongings most of the time they find that their items are more often than not “Made in China”. According to the World Bank, the industrial and manufacturing sectors contributed over 60% of China’s GDP in 2015. Since most of the Chinese economy relies on these two sectors, China has to ensure that there is a workforce available to them. They do so by exploiting the people who live in the rural areas by promising them money, and manipulating the education system. This exploitation is seen first hand in the “Last Train Home” and Michelle Loyalka’s “Teenage Beauty Queens”.

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The Nations of South and East Asia have become “major players” in the global economy due to many contributing factors. For example; Apple is a well-known industry with their; Laptops, iPods, iPhones, and other devices that they produce. One of the reasons why it is produced in Asia rather than in the United States of America (U.S.A.) is because of the labour it takes to produce these. Why would you pay an American citizen $7.25 per hour, when you can pay a worker or even sometimes children in most cases less than a dollar, ($1) a day to do that exact same work for less? Also, the parts are cheaper to purchase or manufacture.

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The answer is in the Government. China is a capitalist economy which was able to integrate itself into the World market. China’s economy overall has a lower cost for everything. Goods and services are cheaper making the standard price for living low. This causes China to be able to pay workers a lower wage than the U.S.

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Globalisation is the process whereby businesses or organisations start operating on an internal scale or develop international influence. It is the worldwide movement towards and removes national boundaries of distribution of goods and services, financing and production sales. An example of a small business globalisation would be fashion bags that are designed in Melbourne, then orders for the materials are sent to Japan where the material is manufactured. Then those materials are exported from Japan to New Papa Guiena, where the bags are constructed and complete. Then the bags are imported to Melbourne to be delivered to stores to be sold.

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When we look at things we own, most of it is made in China. Before 1979, china was just a third world country. However, in the past years, China's economy has been able to grow by 10.4 percent each year after 1990 (Lin,212). These numbers show us that China is growing at an incredible rate, leaving many developing countries, and even America far behind. China is currently the largest “exporter of goods in the world” (Lin,214).

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The good things is that the global economy helps US consumers by allowing us to get the things we want for less money because they can be made more cheaply in other countries.

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