Globalisation Essay Example | Topics and Well Written Essays - 1250 words - 1

Globalisation - Essay handlingCities in Australia such as Perth and Brisbane offer attractive investment opportunities to potential investors leading to the rise in capital growth consecrate. Australian cities like Melbourne, Adelaide, Bribane and Perth are also known for the low cost of hold prevailing compared to other capital cities in the world. These Australian cities are ranked top 30 globally for the high life quality. Current exchange rates against other currencies are exceedingly friendly in Australia hence devising it ideal for foreign investors who wish to make purchases in Australia. The explanation for this is that they have the mental object to buy more than what they would have bought in their own countries with the same amount. Low interest rates in its parsimoniousness enable investors get big loans from banks, which thereafter yield significant returns that boost the farmings GDP. The Australian government put a lot of m unmatchabley into available growth op portunities hence making it possible for the countrys economy to survive economic hard times (McLean 7). Question 2 Although Australia is ranked as one of the best-performed economies in the developed world, its citizens are pessimistic about their economy. Some of its citizens thinks that their economy over-rely on non-renewable natural resources for faculty used both locally and for export,they claim that they may run at a loss when coal deposits are depleted from the mines. Other citizens do not enjoy the use of coal as a source of energy in their country, they claim that use of coal is one of the major contributors of global warming hence they ask the government to invest on other modes of energy production. Australians economy is dominated by small to medium sized enterprises. The entire countrys population thinks that these SMEs lack proper management teams compared to larger companies hence performing seedy in the economy. The citizens think that government should provide r elevant training to the entrepreneurs to improve their performance. Further still, umpteen citizens grasp the strength of the countrys currency negatively. They believe that it blamable for increasing unemployment rates as many people have lost their jobs in leading companies like Toyota. This has exposed how fragile the manufacturing sector is. realms economists blame the Australian dollar for damaging the market at international level. This is because, of the increase of prices of Australian goods. As a consequence, the demand of countrys locally produced goods is decreasing with a notable rate (Martin 1). Citizens have also noted that its government has not put enough money on engineering science development hence entailmenting more than exports on ICT. Government is also blamed for making its IT purchases external the country, yet same equipments are available in local companies. Question 3 chinawares economic growth and technological advancement have drawn investors and governments interest. As such, Australia should clutch the lead and welcome Chineses increasing foreign investment. Australia benefits from it both directly and indirectly. Given that Australia do not invest much on ICT, China gets to supply them with the ICT equipment since it is known as an of the ICT equipments exporter. If Australia accepts to trade with China government, it will get a chance to negotiate better prices on its ICT purchases hence reducing import costs. Australia also exports its