The Impacts Of Globalization In Australia

In recently days, countries are paying attention to Small Business Enterprises more to be innovative and entrepreneurial capabilities. SBEs create job and help to economic growth; however, globalization makes SBEs difficult to survive and growth (Deo 2013, p.1). Many of small local business and companies deportation by a transnational corporation. It is because of the multinational corporation having their own manufactured in foreign countries with cheaper labour and material costs. Therefore, the transnational corporation offers the lower price to the customer. In Accordingly, many of SBEs shut down and lead to increase unemployment rates. Free trade also one of the impacts of globalization and it makes enhance international trade, and failure risk will increase to SBEs (Pologeorgis 2016).
Globalization makes widening the gap between the poor and rich. Developed countries are getting rich by globalization with Foreign
For instance, many people immigrants to Australia. They keep buying property such as a house, and demand of house keep rising, and price also increases too. It leads to unhealthy local economic, widening gap between property price and household income. Former foreign minister Bob Carr mentioned, "Australian people need to be alerted to this" (‘Indaily' 2016). And he was warning to governments to control the immigration and set the infrastructure of property sales. Moreover, the benefit of Australian will decrease with an increase of immigration to Australia. All of above information is the reason for those countries are getting more insular to protect their citizen. Even Australia start to make the new policy barriers of immigration, and immigrants becoming harder who from abroad. For example, Australia starts to discourage about working holiday, and people need to pay more tax than before who came for working in Australia. All of those policies are for