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Globalisation and Australian Automotive Industry

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Globalisation and Australian Automotive Industry
Globalisation and World
Today globalization is essentially a synonym for global business. Globalization is changing the world we live in at a very increasingly rapid pace (Rodrik., 1997). Changes in technology, communication, and transportation are opening up borders and markets at increasing rates. In any large city in any country, Japanese cars ply the streets, a mobile call can be enough to buy equities from a stock exchange half a world away, local businesses could not function without U.S. computers, and foreign multinationals have taken over large segments of service industries. Impact of Globalisation, both theoretically and practically, can be observed in different economic, social, cultural, political, financial, and technological dimensions of the world. Globalisation has created a new world order and is gradually reaching new heights, incorporating all the fields to form a cohesive network. (Boyer & Drache, 1996)
Most of the arguments against globalisation strike at one point: it benefits corporations and not people. However, it is not that way. It is possible for globalization to benefit both corporations and people. There are many points in favour of globalization i.e. it lowers prices. Food is cheaper, clothes are cheaper, cars are cheaper, and phone service is cheaper. Globalization lowers prices and raises income. Most importantly, free trade stops wars. One world, one peace, else can be fixed (Roberts & Hite, 2000). Globalization is good just not for the rich countries but especially for the poor countries. “The booming economies of India and China--the Elephant and the Dragon--have lifted 200 million people out of abject poverty in the 1990s as globalization took off, the International Monetary Fund says. Tens of millions more have catapulted themselves far ahead into the middle class.” (Meredith & Hoppough, 2007).

Globalisation has significantly influenced the job market in developing countries. The most common concern is that cheap labour



References: ABS (2006). Manufacturing Industry. Retrieved 16-08-2009. from http://www.ausstats.abs.gov.au/ausstats/subscriber.nsf/0/8A44F619754A8A2FCA2573AA000F5595/$File/82210_2005-06.pdf. ABS (2008). Motor Vehicle Census, Australia. Retrieved 19-08-2009. from http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/9309.0. AustralianGovernment (2008). A New Car Plan For a Greener Future. Retrieved 18-08-2009. from http://www.innovation.gov.au/automotivereview/Documents/NEWCARPLANGREENERFUTURE.pdf. AustralianGovernment (2009). Outlook for the Automotive Manufacturing Industry Fact Sheet from http://www.innovation.gov.au/Section/AboutDIISR/FactSheets/Pages/OutlookfortheAutomotiveManufacturingIndustryFactSheet.aspx. AustralianIndustry (2009). Green Car Innovation Fund (GCIF). Retrieved 19-08-2009. from http://www.ausindustry.gov.au/Manufacturing/GreenCarInnovationFund/Pages/GreenCarInnovationFund(GCIF).aspx. Baker, K. (2007). Economic Tsunami: Rosenberg. Boyer, R., & Drache, D. (1996). States Against Markets - limits of globalisation. London: Routledge. Bracks, S. (2008). Review of Australia 's Automotive Review. Comengine (2007). Australian Auto Market Sales for 2006, from http://www.comengine.com/auto-china-news/australian-market-2006.asp Cook, T Department of Innovation, I., Science and Research (2009). A New Car Plan for a Greener Future DFAT (2004) Dr Baker, K. (2008). Australian Automotive Industry Under Threat From China and The Currency Imbalance Problem. Retrieved from http://www.innovation.gov.au/automotivereview/Documents/16%20Baker%20140408.pdf Dr Mudd, G Government, A. (2008). Australian Automotive Industry. Retrieved 16-08-2008. from http://www.innovation.gov.au/automotivereview/Documents/AutomotiveReview2008Backgroundpaper.pdf. Government, A. (2009). An Overview of the Kyoto Protocol. Retrieved 19-08-2009. from http://www.climatechange.gov.au/international/kyoto/index.html. Greg, B. (2006). Australian manufacturing swamped by the Chinese tsunami? On Line Opinion - Australia 's e-journal of social and political debate. HarvardInternational (1995). The End of Sovereignty? Harvard International Review, 17(3), 4. Jayasuriya, R. (2008). The Effects of Working Globalization on Working Conditions in Developing Countries. Employment Policy Premiere, 9. John, M. P. (2000). What Works Among Active Labour Market Policies:Evidence From OECD Countries Experience. Khan, H. (2006). The Impact of Globalization on Job Market: A Brief Assessment. Meredith, R., & Hoppough, S. (2007). Why Globalization is Good Retrieved 11-08-2009, from http://www.forbes.com/forbes/2007/0416/064.html Najam, A., Runnalls, D., & Mark, H Preston, A., & Jefferson, T. (2009). Labour Market and Wages. Journal Of Industrial Relatons, 51, 313-330. Roberts, T., J., & Hite, A. (2000). From Modernization to Globalization, Perspectives on development and social change Rodrik., D Saber, S. (2009). Australian Automotive Industry and National Sovereignty. Smith, A., & Sohail, A. S. (2005). Strategic Supply Chain Management Issues in the Automotive Industries. An Australian Perspective, 43. Sturrock, P., & McKellar, A. (2006). Employment in the Automotive Manufacturing Sector: Parliament of Australia. Williams, R. A. (1999). Wage Effects on the Volume of Unpaid Work in Nuclear Australian Households. Australian Economic Papers, 38(2), 91.

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