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International Business: Economical Overview of Australia - Research Paper Example

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An author of this paper will conduct an analysis of the political, economic and legal climate in Australia, discussing socioeconomic and cultural factors. Specifically, the writer discusses the Australian economy in terms of international business, and, specifically, investment opportunities…
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International Business: Economical Overview of Australia
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Download file to see previous pages The land area of Australia is 7.62 million square kilometers. Mount Kosciuszko in New South Wales is the highest peak of Australia. 20% of the landmass of Australia is classified as desert. There is a vast variation in climatic zones ranging from deserts, tropical rainforests to snow covered mountains. The climate of northern Australia is tropical; it is arid in the center and temperate in the south. Since Australia lies in the southern hemisphere, its seasons are reverse to that of the northern hemisphere. January and February are the warmest months in Australia. On the other hand, June and July are the coldest months.
The population of Australia is concentrated in the coastal regions. The interior of Australia is largely infertile and desert plains generally referred to as the Outback. Australian Outback is not fit for human inhabitation or agriculture. The Great Dividing Range divides the Outback from the fertile eastern coast.
Only 6 percent of the Australian land mass is considered arable. With a million native species of flora and fauna, Australia is home to 10 percent of the world’s bio-diversity (Department of Foreign Affairs and Trade [A], 2009). The Great Reef, made up of coral and algae is inhabited by numerous species of fish, marine mammals, aquatic plants and corals, is a major tourist attraction. The largest deposit of coral in the world, the 1250 miles long Reef is the greatest living structure in the world.
The capital of Australia is Canberra and the official language is English. Brisbane, Sydney, Melbourne, Perth, Adelaide are other major cities. Queensland, New South Wales, Australian Capital Territory, Victoria, Tasmania, South Australia, Western Australia, and Northern Territory are the states and territories of Australia. ...Download file to see next pagesRead More
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