Globalisation
Globalisation is the term used to identify the worldwide integration of consumer markets, production, labour, technology, investments and cultures. ... Globalisation is increasingly affecting our lives. Globalisation is an extremely important aspect of Australian business. ... At a conference at the University of Newcastle, it was said, “There is no doubt that international pressure is forcing changes into our economy, but the real impact of globalisation on our workplaces isn’t always clear. In a sense we are trying to define ‘Globalisation’ in a real sense, and not just as catch-phrase for economic change. ... Australia is positively impacted by globalisation in many areas of business. ... Globalisation has also forced businesses to work harder to improve their environmental performance. ... Globalisation has caused many countries to become branch office nations. ... The Internet and other new information technologies have accelerated the pace of globalisation, which has resulted in greater competition throughout the world. Australian businesses are required to adapt to modern day developments triggered by globalisation.