globalisation (1 Viewer)

[user18181818]

how would u guys set out this q (write a sample response if ur bothered pls)
Over recent years, Australia has been significantly impacted by forces of globalisation. Explain how globalisation has impacted on Australia’s economy (4 marks).

 

[jeetee3499]

if this is sounds wrong i take no responsibility <3, but yeah this is how I might go abt it. Obv like how much u decide to write for each point is dependent on how many lines given anyway.

- define globalisation
- trade of g/s - talk abt commodities -> reliant on X for income?/ reliant on ec growth of other countries
- financial flows - aud floated 1983, direct investment + portfolio business -> basically just say how foreign investment into AUS allowed establishment of more firms idk
- technology -> globalisation has allowed for the easier spread of technology. Therefore, adoption of new technology allows aus ec to become more efficient in production

 

[itsalovehaterelo]

Over recent years, Australia has been significantly impacted by forces of globalisation. Explain how globalisation has impacted on Australia’s economy
1) outline how OVER RECENT YEARS australia has been impacted by globalisation. recent means DONT TALK ABOUT the dereg of the 1980's
for this, i'd talk about increases in mining and service, loss in textiles and manufacturing
2) how globalisation has impacted internal stability SHORT TERM increased structural unemployment in the short term
3) how globalisation has impacted internal stability LONG TERM increased efficiency, increased aggregate supply, increased long term aggregate demand, etc
4) how globalisation has impacted external stability narrow X base, FTA's with China Japan etc.

 

[user18181818]

cheers guys