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Australian economy
8 pages (2000 words)
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...Australian economy is in a strong position and warrants a positive economic outlook despite uncertainty in global economic circles (Australian Government, 2010). Australia registered an annual growth of 3.2% in the GDP till the second quarter of 2010 (The Australian Bureau of Statistics, 2010) which is unlike other developed economies that have displayed either slower growth or negative growth. This rate of growth equalled the thirty year average... for the Australian economy and was greater than the forward estimates for economic growth predicted in 2009 (Australian Government, 2010). Figure 1 - Historical real GDP growth in Australias...
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Australian Economy
8 pages (2000 words)
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...Australian economy, it is of essence to consider the background of the economy. This is in terms of how the economy was in year 2009 and the most likely monetary of fiscal policies that would have been applied to solve the situation. In year 2009, a leading forecaster anticipated that the economy of Australia would dip with regards to performance. One of the reasons why this forecaster expected such is because there was very slow growth in a closely related economy of China. According to Access Economists, an Australian research company, the prospects for the mining-oriented economy were that the performance of the economy would really become dismal... Before considering the last two years of the...
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Australian Economy
8 pages (2000 words) , Download 1
...Australian economy is in a strong position and warrants a positive economic outlook despite uncertainty in global economic circles (Australian Government, 2010). Australia registered an annual growth of 3.2% in the GDP till the second quarter of 2010 (The Australian Bureau of Statistics, 2010) which is unlike other developed economies that have displayed either slower growth or negative growth. This rate of growth equalled the thirty year average... for the Australian economy and was greater than the forward estimates for economic growth predicted in 2009 (Australian Government, 2010). Figure 1 - Historical real GDP growth in Australia's...
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Australian Economy
8 pages (2000 words)
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...Australian Economy and Australian Economy Introduction The government of Australia works with the Reserve bank in managing fiscal and monetary policies in the country. The bank was created by parliament in 1960 under a legislation known as the Reserve Bank Act, which was proposed in parliament in 1959. The Reserve Bank acts as the central bank of Australia, and manages the monetary policy in the country. The roles of the bank include stabilizing prices, guarding the welfare of citizens, printing and issuing money, and creating full employment level in the country. The government, on the other hand, utilizes fiscal policies to ensure the economy grows at stable rates. The Reserve Bank... and...
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Australian economy
5 pages (1250 words)
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...Australian economy are governed by high terms of trade. It can be accounted that the rate has taken the falling curve recently but it cannot be ignored that the rate has remained historically high. It has also been volatile. The high rate of the terms of trade plays its part in increasing the real income level. The rate also acts in keeping the rate of inflation at lower levels. The ratio between the prices of exports and the imports is defined to be the terms of trade. If the terms of trade rise Australia will have... . The resultant is rise in the interest rate. In line with the exports of goods the foreign capital will flow in into the economy which will appreciate the rate...
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Australian Economy
8 pages (2000 words)
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...Australian Economy Introduction Australia has documented seventeen successive years of economic development ever since 1992, with a standard of 3.3 per cent a year. This has turned out to be the most steady and productive time of the modern history in Australia (Foley, 2009: 1). Australia was predicted to develop again in 2008-09 at a percentage of 2.75 which is higher than the standard development rate associates of the Organization of Economic Cooperation and Development (OECD) of 2.2 per cent. In addition, Australia ranks in the first position, in the Asia-Pacific area, for service, farming, and industrial efficiency per person in employment, according...
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Australian Economy
8 pages (2000 words)
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...Australian Economy in Last 2 years Overview of the Australian economy before the last two years as a comparative Case Study The years before 2009 were periods that were characterized with unstable economic growth rate. This made Donavan (1981; p.277) concluded that “state growth rates have been persistently different to a possibly significant extent” (p. 227). These disparities not withstanding, Harris and Harris (1992) report that the aggregate gross product growth rate was above national growth rate in most parts of the Oceania region and beyond. This analysis speaks of the strong economic history that Australia has possessed over the years. The unstable nature of growth however affected... ...
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Australian Economy over the last two years
8 pages (2000 words)
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...Australian economy over the last two years Finance ‘runs’ the world in innumerable ways, both in the direct manner as well as in the indirect. From providing the needed personal comforts, to being the factor that decides the survival and the success of a country in the form of economy, finance impacts all aspects of lives. When one views at the annals of world history, it has been clearly validated that for a nation to elevate itself to the top echelons, it has to have an optimal, strong and ever growing economy. If a country’s economy faces obstacles, and goes into a recession due to various factors in...
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Australian Economy over the Last Two Years
8 pages (2000 words)
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...Australian Government have been … http://treasury.gov.au/documents/1754/HTML/docshell.asp?URL=Ken_Henry_speech_to_the_Count_Financial_Canberra_Conference.htm … action by the Reserve Bank of Australia and the Australian Government in response … … have been able to able to keep the interest rates at a level which has guaranteed promising results in different aspects of the Australian economy. One of the aspects... ? How does Viper work? (Click here for full explanation) Viper scans your work against over 6 billion web pages, as well as against all work previously submitted to our company. Viper's report identifies content in your work that matches these sources. A positive match DOES NOT NECESSARILY MEAN...
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Western Australian Economy. Legal and Political Environment
6 pages (1500 words)
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...economy. Western Australian economy has been the example of the dominant GDPs in the global sector with an elevating sector that is boosted by stable supply in the resources. The economy has been developed based on the principles required in developing stable economies capable of presenting support to the existing population. The economy has grown since 2010 by 3.5% with a stable supply of mineral reserve and energy to drive the industries (Government of WA, 2002). With globalization, the existing sanctions and limited operations within borders have... ? Introduction Globalization has witnessed the inclusion of economic and technological resources to complete the developments witnessed within the...
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Business Cycle Properties and Marco Forecasting of the Australian Economy
8 pages (2000 words)
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...Australian Economy Word Count: 1885 Executive Summary The analysis of macroeconomic variablesis employed in determining the likely outcomes of a country’s economic, monetary and fiscal policies, in the light of changing local and global realities. Real GDP is the measure of a country’s economic health and performance, however there are a number of components that comprise the GDP: these are productivity, expenditure, investment and nominal variables. This study demonstrated that labour productivity and private consumption expenditure variables coincident with GDP are robustly procyclical, and are leading indicators to a more moderate extent... ?Business Cycle Properties and Macro Forecasting Of the...
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How successful has the Australian Government and the Reserve Bank of Australia been in running the Australian economy over the l
4 pages (1000 words)
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...Australian Government and the Reserve Bank of Australia been in running the Australian economy over the last two years? One of the key characteristics of Australian economy has been its high potential to face strong turbulences, even during major financial crises, like the one of 2008. Today, the Australian economy remains a model of well-planned economy for countries worldwide. The performance of Australian economy during the last two years is analytically presented below. Emphasis is given to the role of Australian government and the Reserve Bank of Australia (RBA) in the development of the country’s economy. It is proved that from 2011 onwards the performance of Australian... ? How successful has the...
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How successful has the Australian Government and the Reserve Bank of Australia been in running the Australian economy over the l
4 pages (1000 words)
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...Australian Economy In the just completed financial year, Australia experienced a superb economic growth comparedto other advanced economies. The economy has been sailing on even amid international financial cataclysm that was prompted by the fall of Lehman brothers. Australia is believed to be having lots of resources as per the Geoscience and the resources include largest recoverable deposits such as gold, silver, rutile, coal and iron ore. The massive and diverse natural resources in Australia have attracted wonderful foreign investments. Trade policy in Australia supports open trade as well introduction of Doha Round of multilateral trade negotiations which promoted economic growth for 17...
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Economics for business: THE ASSIGNMENT: You are required to write an answer of c. 2000 words to the following question: (a) How successful have the Australian Government and the Reserve Bank of Australia been in running the Australian economy over the
10 pages (2500 words)
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...Australian Government and Reserve Bank The Australian government is liberal democratic in nature and it is based on the principles of tolerance towards religions, freedom of speech, and rule of law (Australia’s system of government, 2008). The Labor Party is the oldest party of Australia and recently it has once again come into power in the year 2010 after winning the federal elections by defeating the Liberal Party. The elected party under the leadership of Julia Gillard have prepared a “strong policy and legislative agenda” in order to build up a strong and just economy. The main purpose behind the development of such type of an economy is to ensure the availability... Economics for business: The...
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Australian Macro-Economy
7 pages (1750 words)
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...Australian Macro-Economy Introduction The macro-economic environment supporting the Australian micro-economic reforms have been satisfactory is some respects, but notably deficient in other areas. It is imperative to examine these developments briefly, since, if the major problem areas are not resolved, they have the potential to disrupt the genuinely significant achievements and frustrate the path towards an internationally oriented and efficient economy. The purpose of this section is to examine briefly the salient features of the macro-environment. This article also alludes to some of the effects of the reforms. It...
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Australian Government Intervenes in the Economy
5 pages (1250 words)
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...Australian Government Intervenes in the Economy Introduction The dominant belief in economics is that "markets are usually the best way to organize economic activity" (Mankiw, 2004). According to this principle, the market system works best in running the economy. However, even though it is deemed the best, it not is without flaws. These flaws are called market failures, " a situation where resources cannot be efficiently allocated due to the breakdown of price mechanism caused by factors such as establishment of monopolies" (BusinessDictionary.com, 2010). According to Joseph Stiglits, a political economist, market failures necessitates the intervention of the government (2002).Some... School How the...
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The High Australian dollar
7 pages (1750 words)
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...AUSTRALIAN DOLLAR ON FOREIGN TRADE Executive Summary The purpose of the essay is to analyse the impact of rising value of Australian dollar on its foreign trade. This essay provides clear insights into various factors that have been driving the value of Australian currency just after the Global Financial Crisis (GFC). The study also helps to uncover range of factors that influences the Australian economy both in short and long run. The essay found that, the increase in the value of Australian dollar has both short term and long term impacts on various sectors, for instance, unemployment rate, economic stability, manufacturing and tourism. Even if it becomes difficult to overcome... INFLUENCE OF RISE IN...
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Analysis Australian industries
4 pages (1000 words)
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...Australian per capita GDP is better than Britain, France and Germany. Australia always maintained a position in the top 20 developed countries in the world. Service sector is mainly contributing to the Australian economy apart from agriculture and mining. In 1900, Australia was the highest income country in the world. By 1950 it slipped to the third position, in 1970 it was in the 8 th position whereas its position further slipped down to 26 th in 1999 (Anderson, K. 2001, p.33) This paper briefly explains the environmental factors like technological element, economic element, legal-political element, socio- cultural element and...
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Features Of Australian Federal Budget 2011
6 pages (1500 words)
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...Australian high commission media release- 12’, 2011). Presently, some of the households have not a breadwinner. Although, the Australian economy is badly in need of employees, unwilling and unskilled workers become a great threat to the country. However, the economy has created over 3000,000 jobs over the past year and hence it is estimated that the unemployment rate can be further... Features Of Australian Federal Budget 2011 Introduction The Australian Federal Budget 2011-2012 is a comprehensive budget that intends to create potential opportunities for a greater number of Australians. By recruiting and training people for more rewarding jobs, this budget plans to increase the national economic prosperi...
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The Australian Government and Reserve Bank
10 pages (2500 words)
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...Australian Government and Reserve Bank The Australian government is liberal democratic in nature and it is based on the principles of tolerance towards religions, freedom of speech, and rule of law (Australia’s system of government, 2008). The Labor Party is the oldest party of Australia and recently it has once again come into power in the year 2010 after winning the federal elections by defeating the Liberal Party. The elected party under the leadership of Julia Gillard have prepared a “strong policy and legislative agenda” in order to build up a strong and just economy. The main purpose behind the development of such type of an economy is to ensure the availability... ? Economics for business: The...
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The US Economy vs.International Economy
1 pages (250 words)
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...Australian Economies 22 December The US economy has just come out of a great recession (as contrasted to the so-called Great Depression) but its recovery is still considered quite fragile at this time. This was a view of Mr. Hoenig in the Federal Reserve Bank which sets interest rates (Chan, 2010, p. 1). He is of the opinion the recovery is not strong enough yet to absorb fully all of the proposed $600 billion stimulus plan to reinvigorate the American economy. In particular, Mr. Hoenig want to approach stimulating the economy slowly for fear of igniting inflation again. Additionally, he also considers the recent past and wants to avoid runaway inflation, asset bubbles and further... The American and...
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Western Australia economy
8 pages (2000 words)
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...Economy Table of Contents Overview of Western Australian Economy 3 Effect of Increase in Demand for Iron-Ore in Western AustralianEconomy 4 Effect of Wage Rate Changes in Labor Supply in Australian’s Mining and Other Industries 8 Effect on Labor Supply along with Importance of Labors’ Preferences 9 References 12 Overview of Western Australian Economy The economy of Western Australia is rich in resources. The development of economy of this State has been highly influenced by resources boom since 1890s. During the past few years, the industry of Western Australia’s resources had enjoyed excellent conditions instigated by its prevailing commodities’ demand in the international market1... ?Western Australia...
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Describe the current Australian economic situation and support your claims
4 pages (1000 words)
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...economy is going through tough conditions owing to different factors such as higher sovereign debt levels, low demand etc. Australian economy performed well during the troubling periods however, the recent performance of the economy is not so impressive. Inflation rate is increasing in the economy as well as the unemployment level however; interest rates have not been increased by the reserve bank of the country. Rising inflation level, contractionary fiscal policy as well as the increasing level of unemployment may reduce the aggregate demand in the economy thus forcing the interest rates to rise. Introduction Global Economy is experiencing one of its worst phases... ?Executive Summary International...
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Australian study
7 pages (1750 words)
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...economy in the world (The World Factbook 2011: Online)). The relative size and proportion of the Australian economy is much bigger than any Asian country, except Japan, South Korea and China. It would not be wrong to say that the modern Australia is a big country with immense resources at its disposal. In a globalized world, it is not only in Australia’s interest to build relations with Asia, but Asian economies also stand to gain by entering into economic, cultural and strategic ties with Australia (Tweedie 1994). The modern Australia is indeed forging strong people to people relations with Asia so as to secure... of the of the Concerned 28 May Role of Australia in the Asian Region Introduction To...
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Australian study
7 pages (1750 words)
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...economy in the world (The World Factbook 2011: Online)). The relative size and proportion of the Australian economy is much bigger than any Asian country, except Japan, South Korea and China. It would not be wrong to say that the modern Australia is a big country with immense resources at its disposal. In a globalized world, it is not only in Australia’s interest to build relations with Asia, but Asian economies also stand to gain by entering into economic, cultural and strategic ties with Australia (Tweedie 1994). The modern Australia is indeed forging strong people to people relations with Asia so... of the of the Concerned 28 May Role of Australia in the Asian Region Introduction To understand an...
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Australian Stock Exchange
7 pages (1750 words)
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...Australian Stock Exchange is one of such places used for trading stocks. This paper explains an evaluation of this market and discusses the importance of the market to the Australian economy. The Australian Stock Exchange manages all the activities related to trading of shares in Australia. The activities concern both primary and secondary services required by companies and investors in the trading of shares. This includes capital information and hedging, trading and price discovery, risk transfer, and securities settlement (ASX, 2012). This stock exchange has been ranked among the largest... ?Australian Stock Exchange Introduction Company requires funds either when it is founded or when it is expanding. ...
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The Australian Tourism Industry : Importance and challenges
4 pages (1000 words)
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...Australian tourism tends to sustain a wide range of unskilled and semi-skilled workforce. It is owing to the gargantuan importance of the tourist sector to the Australian economy that in the year 1983, Australia created the Department of Sport, Recreation and Tourism (Australian Bureau of Statistics 1). The successive governments in Australia have identified tourist industry as a high growth area that needs to attract immense amount of investment and input. Australia-An Attractive Tourist Destination Australia offers domestic and international tourists a wide range of tourist experiences. Australian tourist industry commands an immense potential to the extent that today... of the Tourism of the...
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Australian Taxation system
6 pages (1500 words)
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...Australian Taxation system Research done in several Australian newspapers has testified that taxation is the backbone of the Australian economy. The country’s system of government is divided into the federal government which controls all taxations that take place in the country. There are also state governments which control taxation taking place in the several states that are in the country. The last system of government present in Australia is the local governments. According to Macfarlane in his book “Australian Monetary Policy in the Last Quarter of the Twentieth Century”, it is evident that Australia...
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Australian Retailing Industry
7 pages (1750 words)
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...Australian economic industries. (ARS, 2006, Internet) As of the latest statistical surveys, it has been carried on that there are at least 70,000 individual retailing business organizations in Australia submitting up to $150 Billion of business profits to the national treasury system. As it could be noted from these particular reports, the retail industry is indeed making up a large part of the entire national economy of Australia. Knowing that Australia holds at least 35% of its population devoted to employing... OPERATIONS MANAGEMENT: INTERNATIONAL BUSINESS RETAIL ORGANIZATIONS of PART 1: Business Retail Systems [Target Country Australia] Management is one of the primary functions of administra...
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Women's Rights in Australian Context
3 pages (750 words)
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...Australian economy, culture and society, women in Australia had to overcome numerous social as well as institutional barriers in order to have their footprint marked on the Australian history. On the road to equality, Australian women have conventionally experienced tremendous setbacks along with some successes. This can be estimated from the fact that Australia was among the very first countries that provided women with the opportunity to be in the parliament and the right to vote. Yet, it is unfortunate that Australia did not appoint any female federal Cabinet-level minister until 1949 and the government required the female workers of the federal... ?Women’s rights The issue in Australian context:...
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Australian Globalization
10 pages (2500 words)
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...Australian goods and services. Globalization has had positive effects on Australia, due to substantial revenue, and stable government. Australia has never been affected by the debt cycle experienced by many developing countries. The county has also not experienced improper investments; bad investments led to the destruction of Asian economy during the 1990s. The economy of Australia, therefore, strengthened when globalization took off at the technological stage... cents caters for wages, and 96 cents remains in the Australian economy (Hopkins, 2004). There are also certain negative aspects of the globalization issue in Australia. It has been noted that some...
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Research report on Australian financial services industry
8 pages (2000 words)
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...Australian dollars to the nation’s economy which equals almost 8 percent of the total GDP of the nation. The nation has a total of 30000 financial institutions which also provide employment opportunities to a significant share of the population of the nation that is being pegged at 700000 individuals which includes approximately 6.4 percent of the total workforce in Australia (IBSA, 2010, p.4, 6). Figure 1: Assets of the Financial Institutions in Australia (Source: Austrade, 2009, p.13) The figure above shows the total assets of the financial institutions in Australia as of the year 2009. According to the statistics shown in the figure the total assets of the financial... ?Research report on Australian...
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Offshore Outsourcing and the Globalization of Australian Services
3 pages (750 words)
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...Australian Services Summary of the proposed study The proposed study will examine the affects of offshore outsourcing as an implication of the process of globalization on the Australian through the primary and secondary research. Purpose of the proposed study The purpose of the study is to develop an understanding of the manner in which offshore-outsourcing can be classified as an implication of Globalization in Australia. By doing so, the research will be able to provide a picture of the implications of globalization on developed economies as they take part in globalization by engaging on modern day offshore-outsourcing... Proposed title of the study: Offshore Outsourcing and the Globalization of...
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Porter s 5 forces analysis and a life cycle analysis - why is the Australian Car Manufacturing Industry closing down
4 pages (1000 words)
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...economy facing harsh times it seems that with current size of the market and increased competition from imports has simply gotten too small to be profitable. As a matter of fact, the size of the market had gotten so small that all three companies began to rely on each other just to survive and stay afloat. It has been a long time coming, the death of the Australian auto manufacturing industry. Although, there have been many interrelated reasons that have caused the slow demise of the industry many individuals put the most of the blame on the federal... Table of Content Executive Summary…………………………………………………….2 Introduction ……………………………………………………………2-3 Body……………………………………………………………………3-5 Conclusion and...
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Australian capital market
10 pages (2500 words)
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...Australian Capital Market Australia as a country has had a robust capital market and a vibrant stock exchange market over the past few decades according to Mallesons (2010). Some of the stocks that have featured prominently in the country’s stock market ion the past include the National Australia Bank, Rio Tinto, BHP Billiton, Telstra Corporation, and Commonwealth Bank of Australia among others (Ernst & Young, 1994). The main market index which is made up of the leading 200 shares is known as the S&P/ASX 200. With the global crisis doing its thing, the country has had to make certain changes and implement certain provisions if only to salvage the country’s...
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Australian study
8 pages (2000 words)
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...Australian economy. Conclusion This paper has... ?AUSTRALIAN STUDY THE SOCIAL AND POLITICAL RIGHTS OF ABORIGINAL PEOPLE Introduction “The legal rank of ‘citizen’ in democratic societies is often intended to represent the progressive project of a broader conception of membership in the community” (Rubenstein & Adler 2000: 522). However, only very rarely is it achieved as formal equality, or as substantial equality in social terms. Gender-and-race-neutral conceptions such as citizenship fail to account for the differences of individuals within communities. In Australia, the position of the Aboriginal people is illustrated by the fact that legal citizenship status has not always granted full and equal...
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Economics for Global Business
4 pages (1000 words)
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...Australian Government and the Reserve Bank of Australia been in running the Australian economy over the last two years? Australia undoubtedly is one of the most developed market economies in the planet. The country boasts of having enjoyed over 20 years of uninterrupted annual growth (Economist.com 2012, par. 1). The country’s economy grew by 2.1% in 2011 and by 3.3% in 2012 (Index Mundi 2013, par 1). Going by purchasing power parity, the economy had a GDP of 910.5 billion U.S. dollars in 2010, 930 billion U.S. dollars in 2011, and 960 billion dollars in 2012. The country’s real GDP per capita has similarly grown over the last two years. In 2011, the real GPD per capita stood... ?How successful has the...
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Australian Latest Mining Boom
10 pages (2500 words)
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...Australian commodities by the foreign nations. This, coupled with decreasing import prices has resulted in an amazing enhancement in their terms of trade. (Banks, 2011, p. 1) At first it was perceived by most of the Australians that the boom in their mining sector had bought unequivocal benefits to their nation’s economy by creating more jobs, generating higher revenues from exports, taxation and higher incomes for most of the people. But studies have revealed that some of these increased profits from the mining companies are at the cost of profits from the non... ? This paper attempts to look into the reasons for Australia’s latest mining boom. Along with this some fiscal policy implications that...
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Australian Property Market
14 pages (3500 words)
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...Australian Property Market The Australian property market provides a good long term investment for one who is investing in the house properties, by virtue of the escalation of prices over the period. Even when the market conditions show a declining trend, the investment is sure to result in a profit for the investor. During the current period there has been an all round in the economy of Australia which contributes for the improvement in the property prices. Another factor that has given a favourable outlook for the property market is the reduction in the number of property developers who has shun away from the business due... Impact of Interest Rates on the Demand for Residential Properties in the...
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Describe and Evaluate the main Macro Economic Policies used by the Australian Government and Reserve Bank over the last two year
4 pages (1000 words)
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...Australian Government and Reserve Bank Australia has been very successful in her economic growth compared to other advanced economies since the 2008 financial crisis. The government in conjunction with the Reserve Bank of Australia has made sound monetary and fiscal policies that are responsible for the positive economies. According to “Australian Government”, Australian economic boom has been contributed by the recent rise in global demand particularly China’s economic emergence as well as changing from controlling inflation to avoid recession (Web). This article describes and evaluates the main Macro Economic Policies used by the Australian Government... largely affected the government’s...
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Should the Australian government introduce a carbon tax aimed at reducing carbon emissions
6 pages (1500 words)
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...Australian economy is today dependent on many emission intensive industries (Garnaut 2011, p. 22). In the contemporary context, Australia has far higher carbon emissions per capita as compared to any other developed nation (Garnaut 2011, p. 24). So, reasonably speaking, the international community has very high expectations with regards to Australia’s ability to check carbon emissions (Ayers 2006, p. 38). Besides, by achieving tolerable carbon... ? Should the Australian Government Introduce a Carbon Tax Aimed at Reducing Carbon Emissions? of the of the Concerned Professor 29 April 2011 Executive Summary The objective of giving way to an environment friendly and sustainable future is an awesome task that...
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The Global Economy assignment
5 pages (1250 words)
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...Australian Government, 2012: p. 1). 4. Evaluate the appropriateness of the government’s fiscal policy stance to the present economic situation within Australia with particular reference to the growth rate, level of inflation and unemployment and monetary policy stance. (7 marks)...483 The global financial crisis and its effects moved via all major economies have greatly affected the global trade. There have been no emerging economies spared either, and this has led to a decreased growth rate. Production and demand are both facing an uncertain future worldwide, which has led to significant falls in commodity prices (The conversation.com, 2012: p. 1). The terms of trade for Australia... ? The Global...
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No Illegals, No Trouble: Immigration and Australian Law
9 pages (2250 words)
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...Australian Citizenship Act 1948 that all Australian citizens share common democratic beliefs.19Unlike in the US, Australia never had movements of South and East Europeans until World War II. The poor were not welcome the way they were in the USA. When domestic labor markets were threatened, even immigrants from the UK, kin of many Australians, were denied entrance to Australia.20 Secondly, until World War II, Australian economy was based on tariffs to protect Australian production, and strict... ? NO ILLEGALS, NO TROUBLE: IMMIGRATION AND AUSTRALIAN LAW 1 I BACKGROUND Australia was in the 20th century one of the countries that received most immigrants, besides the United States (US), Canada and New...
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While the Budget factored in a decline in Australias terms of trade, the fall in global commodity prices over recent months has been larger than anticipated. (Australian Treasury, Mid-year Economic and Fiscal Outlook and Fiscal Outlook 2012-2013
6 pages (1500 words)
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...economy by 8% for the tenth consecutive year (International Monetary Fund, 2012: p56). Additionally, global shock after manufacturing became globalized led to a reduction in the manufactured product prices, as well as a boost in raw material demand. This is what has seen the rise of the TOT for Australia in the last ten years. What could be the likely impact of a decline in the terms of trade on the Australian Economy? Analyze the impact on the macroeconomic variables in Australia, making use of the Mundell-Fleming model A decline in the TOT means that export prices fall in relation to imports. A decline... Australia: Terms of Trade AUSTRALIA: TERMS OF TRADE Discuss the reasons for the main movements...
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GUNNS AND THE AUSTRALIAN PULP AND PAPER MANUFACTURING INDUSTRY
9 pages (2250 words)
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...AUSTRALIAN PULP AND PAPER MANUFACTURING INDUSTRY Table of Contents Executive Summary 3 2.External Environmental Analysis 4 2 PESTELAnalysis 4 2.2 Porter’s Five Forces Model Analysis 6 2.3 Major Global Forces 7 3.0 Internal Environmental Analysis 8 3.1 SWOT Analysis 8 3.2 Core Competencies 10 4.Financial Analysis 11 5.Strategic Issues 11 6.Strategic Alternatives 12 7.Strategic Recommendation 13 References 14 Bibliography 15 1. Executive Summary Gunns Ltd. is one of the largest companies operating in the paper industry business sector of the Australian economy. The company is facing some difficulties operating its business activities in the recent years due to some strategic issues... GUNNS AND THE...
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GUNNS AND THE AUSTRALIAN PULP AND PAPER MANUFACTURING INDUSTRY
9 pages (2250 words)
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...AUSTRALIAN PULP AND PAPER MANUFACTURING INDUSTRY Table of Contents Executive Summary 3 2.External Environmental Analysis 4 2 PESTEL Analysis 4 2.2 Porter’s Five Forces Model Analysis 6 2.3 Major Global Forces 7 3.0 Internal Environmental Analysis 8 3.1 SWOT Analysis 8 3.2 Core Competencies 10 4.Financial Analysis 11 5.Strategic Issues 11 6.Strategic Alternatives 12 7.Strategic Recommendation 13 References 14 Bibliography 15 1. Executive Summary Gunns Ltd. is one of the largest companies operating in the paper industry business sector of the Australian economy. The company is facing some difficulties operating its business activities in the recent years due to some strategic issues... ? GUNNS AND THE...
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Describe the main phases of the business cycle and discuss recent economic growth patterns in Australia
4 pages (1000 words)
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...Australian economy, particularly for the period after 1990. The analysis uses the classical NBER approach to determine the timing of recessions and expansions in the Australian economy. Furthermore, it uses the chronology of growth rate cycles, that is, the timing of speedups and slowdowns in economic growth. The reference chronology for business as well as growth rate cycles is determined on the basis of the consensus of key coincident indicators of the Australian economy, along... . Moreover, modern business cycle analysis considers the analysis of classical instability as the analysis of attributes of above-trend and below-trend rates of economic growth. The above knowledge of the phases of...
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Tourism and Economy
5 pages (1250 words)
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...economy are inter-related; one is dependent on another. This is true for any economy. The recent economic recession has impacted the global tourism sector and Australia too has not escaped the impact of the recession. Domestic tourism is important to the Australian economy as it contributed $33 billion in GDP in 2004/05 and the domestic households contributing 63% of total tourism consumption (Tourism Research Australia, 2007). However, domestic travel has been on the decline not just in Australia but the same trend persists in other countries such as the UK and New Zealand. Travel agents associate the decline in domestic tourism to the growth in the low-cost carriers (LCC) and also... ? Tourism and...
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Australia Destination Analysis
2 pages (500 words)
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...Australian economy. According to the Australian Bureau of Statistics Tourism Satellite the direct tourism GDP in 2009-10 increased 3.2% to 33.9 billion dollars which was even more than the overall growth of the economy (Australian Government).In 2011 Australia’s tourism industry represented 2.5% of the country’s GDP which means that the contribution of tourism to the Australian economy was 94.8 million per day (Australian Bureau of Statistics). The same year had a record of overseas arrivals that is 5.9 million visitors came... Australia Destination Analysis The tourism industry of any country is a significant factor in its economic growth and Australia is no different. Tourism is a vital part of...
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Profiling Australian TSM as a Foreign Direct Investment Prospect
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...Australian TSM as a Foreign Direct Investment Prospect Abstract The significance of Foreign Direct Investment (FDI) as a source of revenue in developed economies has highly increased over the last decades. The remarkable increase in FDI is mainly owed to the globalization of the international economy. Since the expansion of multinational production due to the several regional and universal integration agreements, the impediments to global trade and investment have drastically lowered. Additionally, the technical innovations in ICT have necessitated linking of international business networks. Further, many developing economies have been taking part in in what can be termed as ‘location... Profiling...
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