The Impact of Globalisation on the Australian Economy - iiNet.docVIP

The Impact of Globalisation on the Australian Economy By Anthony Stokes Lecturer in Economics, Australian Catholic University Globalisation is not new. Australia has been involved in trade, investment, financial flows, technology transfers and the migration of labour since its foundation as a colony. What has changed is the size, direction and influence of these transfers, especially since 1980. There are a number of factors that have aided this transformation. They include: The expansion of new markets – foreign exchange and capital markets are linked globally. They operate 24 hours a day wit