How Does Globalization Affect Australia

International Presence & Globalization Globalization in the process that brings the world closer together through international trade, aided by information technology, which has immensely transformed the economy and society of Australia. “While Australia’s geographic isolation has often been labeled a “tyranny of distance” for Australian firms’ trade and investment, it has been turned into an advantage by some firms, supported by the forces of globalization as firms deepen their internationalization.” (Kastelle & Liesch, 2013, pg. 25) Since the end of World War II, this distance has become less of a barrier causing hindrance, and could become more beneficial as globalization accelerates. Their location has kept them far from the migrant crisis

Australia now looks outwards past its own borders to handle interest rates, public spending and debt, taxation, inflation, labor costs, unemployment, and even the management of racial relations (Moran, 2004, pg. 208). While Australia has carved its place into the international arena, the recent trends of increased nationalism and potential isolationism in other parts of the world (evidenced by the Brexit vote and rise of Donald Trump in America) could adversely affect the remote country of Australia. Nevertheless, the world’s economies are generally becoming more integrated and Australia will benefit economically from

According to the Australian government, the nation is “both a representative democracy and a constitutional monarchy with Queen Elizabeth II as Australia's head of state” (2016). Indeed, when she visits the nation she speaks and acts as Queen of Australia and she is shown on the banknotes and coins of Australia. Further, the British flag is incorporated into the Australian national flag, demonstrating their particular history. Nevertheless, the Queen’s position remains symbolic and ceremonial and she does not control the government of Australia. The national government is divided into branches similar to the United States, with the legislative, executive, and judiciary branches. The legislative branch is made of Parliament, which is further divided into the House of Representatives and the Senate. Federalism is also seen in the divisions of government between Commonwealth, central, and state levels. The nation is divided into the six states of New South Wales, Queensland, South Australia, Tasmania, Victoria and Western Australia. Each state has it’s own constitution and branches within their framework. The provinces use their legislative powers in areas where there is limited harmonization among themselves, and “have access to virtually all types of taxes, including income, sales and excises, payroll and natural resource taxes, and their municipalities rely heavily on property