Did you know that Australia is the 6th largest country in the world? If you didn’t, this helps to give you an idea of how big and how vast the country is. Australia is home to many types of animals and is also has the 3rd largest ocean territory. Australia is definitely a destination place that many people have on their bucket list to visit but a country this big is also very intuitive in the business world. Entrepreneurs and many companies see Australia as a great international business opportunity. Australia is home to 24,570,679 people and counting (Country Meters). Out of this population, approximately 2.99 million Australians live below the income poverty line. There are more females and children living under the poverty line than there …show more content…
Australia imports about 11.6% from the US and exports about 5.5% to the US overall. For imports this amounts close to $22.6 billion and for exports it is close to $10.3 billion (World's Richest Countries). The top 3 things that Australia imports in from the world are Machinery, Vehicles, and Oil. These are all things that Australia doesn’t have an abundance of. The top 3 things Australia exports to the world is Oil, Ores, slag, ash, and Gems. Along with these exports other things like fruits and silk are on the rise for the most exported items as well. Australia amounts for 2.16 percent of the world’s economy. They have a GDP worth 1339.54 billion in US dollars as of 2015 (Heritage). Australia’s corporate tax rate is a flat rate of 30%. It has been this way for over 10 years. This means that tax is paid to the corporate income before it is distributed to its shareholders at this rate. They have a per capita that amounts to 433 percent of the world’s average. An all-time high for per capita was reached in 2015 at 54708.18 USD …show more content…
This dimension of the Geert Hofstede is called Masculinity. It is said that we develop this trait while in school which carries on through our lives. Scoring at a 61, Australia is a masculine society (Geert Hofstede). They are proud of their work and accomplishments. This is much like US, who has a score of 62. America shows their masculinity in a more individual way, with the freedom of speech amongst other things. The lowest score Australia has in these dimensions is in the Long Term Orientation. They are primarily a normative culture. Australians have a strong urge to know the truth. Things like traditions and culture staying sacred are important. The lowest score for the US is also the Long Term Orientation. Americans also want to know the