for the simple reason that they become relatively cheaper than local produced goods‚ which is due to the high exchange rate. In addition‚ for overseas student‚ they will cost more than before to afford the expensive tuition fee. The tuition fee in Australia is kept the same amount; however‚ because of the high exchange rate of other currency over AUD‚ overseas students have to spend more. According to the historical statistics of Australian dollar over US dollar‚ the rate fluctuates below 1 during 1986
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was the Australian Government) in order to exploit a subject class (the immigrants) by using them to ‘solve the countries skill shortages and super-charge the economy’. The documentary explains how the Australian economy thrived on the cheap and steady flow of migrants eager to find their wealth and prestige in ‘the lucky country’. The economy was able to do this by setting up the super structure of society in a way that allowed the education sector to train as many migrants as possible as cheaply
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suggestions are approved by the financial department as well as by the board of directors. My senior made me in charge of the strategy. The next step to take before entering Australia is to construct a strategy about how this will take place. In other words‚ I have to develop a strategic plan how you are going to enter Australia. A strategy in nothing more than a decision making with well-considered arguments. I need the previous findings of P1‚ P2‚ P3 & P4 in mind. The four mean elements my strategy
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GDP and Government Expenditure GDP or Gross Domestic Product measures the value of production and the income earned from that production that occurs within a nation’s boundaries (Hill‚ 2007). The total GDP value of Australia currently represents a 2.45 percent of the world economy. From 1960 to 2012 the yearly average of the Australian GDP was 325.7 USD Billion‚ with a reported all time high of 1520.6 USD Billion in December of 2012 and record low of 18.6 USD Billion in December of 1960. The
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growth respectively from 2006. Australia has abundant natural resources such as Iron ore‚ coal‚ Uranium etc. As these two hugely populated large economies which also consume huge resources was the main factor which helped Australia in surviving GFC (IMF 2009). There was a massive demand of natural recourses from these developing countries hence encouraging export of minerals on large scale. This sudden boom in export contributed in development of Australian economy. Australian states such as
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capital gains tax and company tax). Whilst there were expected significant challenges due to the world economic outlook‚ the Australian economy was expected to continue to grow in 2008-09 and was forecasting a cash surplus of $5.4 billion for 2008-09 (0.4 per cent of GDP). In light of the global developments‚ the Australian Government attempted to strengthen the economy by implementing a $10.4 billion Economic Security Strategy and a $42 billion Nation building and Jobs Plan as part of the 2008 Fiscal
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Commonwealth of Australia has stable liberal democratic system with policies that support industrial growth (Australianpolitics.com‚ 2009). There is steady growth in labor market as well since 2001 (Chandra Shah‚ Gerard Burke‚ 2006). There are no additional restrictions enforced due to ecological factors on the confectionary market except for regular industry norms to take into account ecological issues. So political factor of PEST analysis is conducive to confectionary industry in Australia. Although
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Describe why "Australia is becoming a service based economy with increased reliance on the service sector to sustain economic growth across the next 5-10 years". Discuss this assertion including a review of the contribution that the service sector has made to the Australia economy across the past 10 years‚ and present your view on the contribution it will make across the next 5-10 years‚ with rationale. Introduction Life without services is unimaginable. Today everything we need or do is a service
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Economic models and theories will be used to support the discussion and to analyse the reason for these fluctuations. Discussion will then take place to whether these movements have been a help or a hindrance to the overall health of the Australian economy. FIGURE 1.0 As seen above in Figure 1.0‚ the main direction of the AUD/USD exchange rate over the past eighteen months has been in a positive direction‚ shown here by a simple 15 day moving average over the price of the AUD in $USD. FIGURE
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dollars‚ is intervention in the market by the Reserve Bank of Australia. DEMAND The demand for Australia’s currency in the foreign exchange market (Forex) is a derived demand. It is derived from the demand for a country’s exports of goods and services and its assets. In simple terms‚ people who may have a demand for the Australian dollar could include: Foreigners wanting to purchase Australian exports International tourists visiting Australia International investors wishing to purchase Australian
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