Australian Globalization

Global movement of ideas, people and commodities increases significantly during the 19th century. Development of new transportation forms like railroads and steam ships, and telecommunication infrastructure enabled rapid rates in global interchange (Robertson, 1992). During the twentieth century, airlines, road vehicle and intermodal transport ensured faster transportation. Also by 2010, electronic communication like the internet and mobile phones connected millions of people worldwide (Robertson, 1992).
The globalization has led to significant effects in Australia. in terms of transport, communication, business and governance (Stephenson, 1994). This research paper explains both the negative and the positive influencers that the globalization process has had on the. political, social cultural, economic and environmental systems of Australia. In reference to Australia, the globalization process is vital to the future economy, because of Australia’s economic, political and socio-cultural open nature open natures. Globalization is not a single issue, but describes the factors that change an economy like Australia’s into an economy identified with increased mobility of capital, investments, labor and trade. During the last 50 years, Australia has embraced this phenomenon, and therefore received benefits in the financial and trade sectors of the economy. These benefits led to related disadvantages and costs, especially to the organizations that cannot catch up with the increasing globalization process (Hopkins, 2004).