Issues Affecting the Australian Business World - Labeling of Fast-Food Globalization - Case Study Example

Name Course Tutor Date Introduction The Australian policies on marketing affect the Australian business greatly. They work towards an expansion or an extension that is beyond any national boundaries of the old-age market forces. These policies greatly look into the mobilization of knowledge and people or technology and labor across the international borders. They also have a broad reference to environmental, political and cultural activities mainly dealing with worldwide dimensions. Globalization over the years points mainly to the efforts aimed towards changing the world into one global community. These policies embark on a programmed set of ideas that make benefits of the scientific advances as well as the industrial progress that is available for growth and improvement of the under developed regions of the world. Over the years, globalization has highly encompassed Australian business and the policies on marketing also work towards ensuring Australian success globally. This essay talks about the issues affecting the Australian business world. It also looks into how the development takes place and how this development relates to the government policies. The government policies affect the Australian business and how the businesses develop. Labeling of fast food globalization Australian politics take place in a form of constitutional monarchy as well as the federal constitution parliamentary democracy. The Australians elect their parliamentarians into the federal Australian parliament. Australian politics generally operate a two-party system and voting is a compulsory activity. Australian political system generally affects the Australian business. There are several issues that affect the Australian business. The fast food market in Australia is experiencing growth generally and its growth is highly related to the government policies. These policies highly affect the growth of the fast food market and its expansion not only in Australia but to the outside world. The statement ‘globalization has come at a high price for some countries’ is incorrect. This is mainly because despite the high amount of money needed to implement these global policies, the positive effects are tremendous. Marketing policies in Australia are highly instrumental in improving the free trade. They have also enabled the international exchange of information technology, therefore representing a highly beneficial process towards economic development. There have however been doubts that the effects of the policies put in place only work at impoverishing the poor and enriching the rich in the world. Some people see it also as devastating to the environment. Marketing policies enable Australian business to experience an international and open entrepreneurship that is instrumental in the providence of substantial and diverse products from the immense to the modest and local customers. Business outsourcing is another very important achievement of globalization in the third world countries. There has been an enhancement of business process outsourcing and this has led to a creation of myriad jobs as well as subsequent employment to the many unemployed citizens. The process of implementing globalization can be costly especially if it is in terms of a business venture but the results on several occasions are advantageous. Australia is a developed country and when looking into the marketing policies involved, it has experienced growth highly. The business process outsourcing wave highly encompasses the Indian job vacancies and markets. It has also highly increased the rate of employment in Australia (Trapp, 2009). Australian business at the moment accounts for a higher percentage of the World trade according to a survey conducted by the World Trade Organization. After its achievement of liberalism, the country has expanded its markets and even to gotten rid of the trade barriers. Before the achievement of liberalism, Australian business was isolated from the other countries’ markets as well as the world’s markets with the aim of achieving self-reliance. However, with the onset of globalization, there has been an emergence of several changes. It is currently a huge economy in the whole world, therefore other developing countries’ investments bank greatly on the country. It also has great strengths in chemicals, pharmaceuticals, apparels, and jewelry. Its’ development in information and technology and auto components is also highly remarkable. Companies in Australia have highly expanded their workforce as well as their base operations with very minimal investments therefore refuting the statement that globalization came at a high prize. It has become an integral part of Australia’s economic progress. The last few years in Australia has seen the production of highly skilled workers and professionals of all sectors. These workers are either employed by local or by foreign companies with the aim of servicing USA and Europe customers mainly (Kouzmin & Hayne, 1999). Global communications for example Voice-Over IP, internet and email enable the Australian international enterprises to lower their cost base mainly by establishing knowledge worker operations in the country. The people have experienced development mainly around the IT sector wealth created in the country due to globalization. There has also been the development of a new consumer base. The products have local as well as international acceptance. Globalization in Australia is highly advantageous for the companies venturing into its’ market. Their companies are enormously gaining confidence and are currently the main players in globalization mainly through international expansion. India generally is set to become the powerhouse of tomorrow’s global economy (Trapp, 2009). Liberalization of Australian domestic economy has led to a tremendous improvement in the Gross Domestic Product growth rates in the recent years. This shows how liberalism enables globalization to develop a country. Neo-liberalism in the world is mainly by the powerful and rich financial institutions for example the International Monetary Fund and the World Bank (Harvey, 2005). There is the aspect of market liberalism whereby economic transactions occur in a framework that maximizes the effects of every transaction after transaction. The liberals are hostile to any type of economic self-sufficiency as well as trade barriers. Neo-liberalism leads the enriching of the highly rich and the impoverishing of the extremely poor people. Australia concentrates in areas like technological entrepreneurship, the importance of development of quality as well as the privatization of the country’s financial institutions. It also concentrates in new prospects mainly in the rural areas as well as business openings for the medium and small enterprises. All this over the past years has heightened the country’s economic spot in the world. The rural participation also plays a huge role in ensuring that the global race keeps its’ pace and never slows down. To reduce poverty levels in some areas, the country has implemented new economic policies to reduce poverty levels. Food processing as well as packaging is now entirely the work of many companies. Not much is earned but still, it is enough to put food on their tables and to sustain them. All the nations ought to understand the importance of globalization to the countries since globalization mainly works at improving lives of people and not destroying them (Harvey, 2005). Business environment refers to the external forces and factors that are beyond any control emanating from business organizations. It also refers to the management that might affect the particular business enterprise. This mainly refers to the external forces affecting a particular business as well as how the business operates. The issues affecting the Australian business are the forces affecting the business. The forces comprise of political parties, international organizations, competitors, customer, social organizations and cultural organizations. These forces affect any business either directly or indirectly. Economic environment generalizes the economic system nature of Australian country as well as the structural nature of the Australian economy. A successful business venture looks into factors affecting that business and the costs surrounding it. The social dimension on its part mainly determines a given value of a society’s system. In turn, this affects a business’ functioning. These are the other factors affecting the Australian business. Globalization in Australia encourages high as well as advanced competition. It also encourages competitive prices in the market. Local businesses also as a result of globalization have experienced an increase in the products availability. Purchases in between countries are currently possible because of globalization. Unlike before when purchases between companies was a rare feat, it is now possible since globalization has opened doors to it. Globalization has also played a role in ensuring there is a production of a higher quality of goods at a competitive price in the market. This has generally led to the improvement of people economically as well as in terms of competitiveness (Latimer, 1988). Conclusion Industrialization in both the second as well as the third world countries caused by western civilization creates several opportunities for the people. Globalization in developed countries like Australia has positively brought change that has expanded even into other countries. This mainly deals with changes concerning business and the policies affecting it. These policies including the environmental policies, economic policies affect the Australian business greatly. Globalization enables competitive markets as well as an increase in trade. Not only has it expanded the trading, markets, but it has also integrated these countries into the developing industrious world. Neo-liberalism is a given set of market and economic policies spread in the past 25 years. It revolves around the rich becoming richer and the poor becoming poorer. It is evident in some countries whereby the rich become richer and the poor become poorer. References Harvey, D. (2005). A Brief History of Neoliberalism. Oxford: Oxford University Press. James, V. U. (1996). Sustainable Development in Third World Countries: Applied and Theoretical Perspectives. Oxford: Greenwood Publishing Group. Kiggundu, M. N. (2002). Managing Globalization in Developing Countries and Transition Economies: Building Capacities for a Changing World. Connecticut: Greenwood Publishing Group. Kouzmin, A., & Hayne, A. (1999). Essays in Economic Globalization, Transnational Policies and Vulnerability. Amsterdam: IOS Press. Latimer, P. (1988). Australian Business Law, 2012, 31st ed. Sydney: CCH Australia Limited. Rossi, I. (2007). Frontiers of Globalization Research: Theoretical And Methodological Approaches. Ontario: Springer. Smith, B. C. (2003). Understanding Third World Politics: Theories of Political Change and Development. Indiana: Indiana University Press. Trapp, R. (2009). The Debatabase Book: A Must-Have Guide for Successful Debate. New York: IDEA. Read More