Factor 3: Global Economic Influences on the Australian Economy
a) Australia has been a participant in world trades, investments and financial flows for many years. Thanks to improved technology, market growth and many other facets of the global economy, this globalisation has only become easier and is now at a point where every country is affected by global economic influences, good and bad. An example of this at play in Australia would be the recent political uncertainty with the US presidential election. Investors world wide were anxious at the outcome of the election and the impact it could’ve had on the global economy given President Trump reputation for being dangerous, arrogant and intolerant. The day of the election saw share prices
a) Australia has been a participant in world trades, investments and financial flows for many years. Thanks to improved technology, market growth and many other facets of the global economy, this globalisation has only become easier and is now at a point where every country is affected by global economic influences, good and bad. An example of this at play in Australia would be the recent political uncertainty with the US presidential election. Investors world wide were anxious at the outcome of the election and the impact it could’ve had on the global economy given President Trump reputation for being dangerous, arrogant and intolerant. The day of the election saw share prices