The Implications Of Globalization In Australia

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.

Globalisation can be see as a cause for national identity to be lost, with environmental problems

Many myths and misconceptions have been made about globalisation, but the fact is the sovereignty of the government has not been compromised. The government still has more power then a company ever will. Governments can have the power to raise taxes or an army, whereas businesses are nothing in that comparison. “Figures from last year have shown that governments on average from all around the world are collecting slightly more taxes in real terms than they have 10 years earlier. Although globalisation has made the governments change around policies to suit with the standards, it has had more benefits then

It was used as a tool for strengthening their national power instead of seeing globalisation as a potential threat. Asia’s government believed that they could participate in the global economy without altering domestic practices and political structures. As demonstrated by the Asian financial crisis, due to the pressures of the world economy, governments are being increasingly hard-pressed to insulate their populations. Although even with the rise of globalisation, the state remains the central actor in Asia and still has more power and its centrality is unlikely to change in a fundamental way. Many arguments have stated that Asian states play a major role in promoting globalisation in the region. Regional governments have perceived globalisation as a tool for enhancing national power, this was argued by a participant from Singapore until the financial crisis. Due to Singapore embracing the world economy, it has helped Singapore become the financial center of Southeast Asia, as well as their strategic position in the region. Being a participate in the global economy have entailed costs for these countries. The erosion of sovereignty in Asia is all due to the fact that greater information from the outside world, openness to trade, and foreign investors and visitors have all