The paper "Effects of Globalization in Australia" is an outstanding example of a business literature review. According to the Women’ s Health Council (2008 p. 1), the UN defines Globalization as the integration of different cultures, societies and economies as a result of trade and international investment. According to Braathens (2010 p. 76), it is a situation whereby markets become global and not national due to the fact that barriers to international trade such as tariffs become minimal and means of transport and communication are enhanced. The propensity of larger multinationals Companies grows to the extent of serving global markets.
It has enabled the establishment of several businesses, cultural and personal relationships between Australia and other nations. Globalization has led to increased movement of people, capital, labor, investment and trade among nations. Globalization is a common fact. Australia as a nation has been involved in trade, investment and financial flows. The country has also got involved in technology transfers as well as the migration of labour ever since its establishment as a colony. The only things that have changed are the direction, size and conditions of the transfers.
The transformations have been aided by various factors (Stokes, 2006 p. 1). It is a set of beliefs that are specifically aimed at enhancing connectedness among individuals with the sole aim of improving their state of living. Emphasis on international financial transactions and the elimination of international trade restrictions become the driving force behind Globalization. There has to be increased use of technology and global movement of people, ideas, goods and capital have greatly influenced the Australian economy, culture and environment. The paper critically looks at the impacts of globalization on the environment, the economy, and culture in Australia (Clayton, 2007). Introduction Globalization refers to the integration of different cultures, economies and societies a procedure driven by international investment and trade assisted by information technology.
It is an umbrella phrase that defines the ongoing procedure of establishing several personal, business and cultural relationships with other nations and this procedure represents a rising view of the globe as a community.
Stokes, A., 2006, The Impact of Globalization on the Australian Economy. Retrieved on January 9th, 2012 from
Conley, T. Globalization and the Rising Inequality in Australia: Is increasing Inequality Inevitable in Australia? http://www.adelaide.edu.au/apsa/docs_papers/Others/Conley.pdf
Government of Western Australia (2002). Globalization and the Western Australian Economy. Retrieved on December 9, 2012 from http://www.treasury.wa.gov.au/cms/uploadedFiles/globalisation.pdf
Women’s health Council, 2008, What is globalization? Retrieved on December 28, 2011 from
Braathens, N, 2010, Globalization, transport and the environment, OECD Publishing, Australia.
Dreher, A, Gaston, N, & Martens, P, 2010, Measuring Globalisation: Gauging Its Consequences. Springer, New York.
Glyn, A, 2006, Capitalism Unleashed: Finance, Globalization, and Welfare, Oxford University Press, Oxford.
Lodfahl, C, 2006, Environmental impacts of globalization and trade: A systems study, MIT Press, Massachusetts.
Marshall, R, & Slaughter, M, 2009, International Trade in Services and Intangibles in the Era of Globalization, The University of Chicago Press, Chicago
Scholte, J, 2007, Globalization: A Critical Introduction, Palgrave Macmillan, UK.
Stiglitz, J, 2007, Globalization and its discontents, Routledge, London.
Smith, C, 2007, International Trade and Globalization, 3rd edition, Anforme, Stocksfield.
Storey, J, 2007, Inventing popular culture: From folklore to globalization. Wiley-Blackwell, Oxford.