In contrasting the similarities and differences between Australia and Malaysia, it is important to study both economies through different aspects such as economic growth, quality of life, and employment and unemployment. These key areas will help support the point in which the similarities and differences between Australia and Malaysia are assessed.
Australia has continuous growth in the economy, the country had participated in constant development averaging 3.5 percent every year. It was continuous as Australia enhanced from an impressive growth of trade in the recent years from deriving from increasing global product expenditure. Australia has trade agreements with overseas countries such as Malaysia, New Zealand, Chile, Thailand, Singapore …show more content…
Australia has a HDI of 0.935 which ranks the country in second place after Norway at 0.944, Australia’s HDI indicates high quality of life with regard to life expectancy (82.10 years), health care, infant mortality (3.4 per 1000 live births), and education levels.
The GDP per capita for Australia is 67,458.36 US dollars due to 2013 recordings, this is high as it is an average income per person in a country. People living below $1.25 US is not applicable as the country does not have anyone who lives under seriously bad conditions. Australia’s water quality is sustainable as 100 percent of the country has access to drinkable water. The distinctiveness between Australia’s and Malaysia’s quality of life is not that different. Both countries have excellent education, good life expectancy and sustainable drinking water for people of the …show more content…
The highest the unemployment rate has ever gotten since January 2014 was 478.1 million in December from 453.3 million in November. There were 13,896.6 employed individuals from November with 13,899.2 million. The unemployment rate of Malaysia has averaged 3.25 percent from 1998 to 2015. There are less employed in Australia then Malaysia, this could be due to have more machinery and technology to work for individuals in Australia which leads to unemployment, not needing more people to work for the specific business. Both Australia and Malaysia have more men working than females, but Malaysia have 3.9 percent more men working more than women greater than
Australia has continuous growth in the economy, the country had participated in constant development averaging 3.5 percent every year. It was continuous as Australia enhanced from an impressive growth of trade in the recent years from deriving from increasing global product expenditure. Australia has trade agreements with overseas countries such as Malaysia, New Zealand, Chile, Thailand, Singapore …show more content…
Australia has a HDI of 0.935 which ranks the country in second place after Norway at 0.944, Australia’s HDI indicates high quality of life with regard to life expectancy (82.10 years), health care, infant mortality (3.4 per 1000 live births), and education levels.
The GDP per capita for Australia is 67,458.36 US dollars due to 2013 recordings, this is high as it is an average income per person in a country. People living below $1.25 US is not applicable as the country does not have anyone who lives under seriously bad conditions. Australia’s water quality is sustainable as 100 percent of the country has access to drinkable water. The distinctiveness between Australia’s and Malaysia’s quality of life is not that different. Both countries have excellent education, good life expectancy and sustainable drinking water for people of the …show more content…
The highest the unemployment rate has ever gotten since January 2014 was 478.1 million in December from 453.3 million in November. There were 13,896.6 employed individuals from November with 13,899.2 million. The unemployment rate of Malaysia has averaged 3.25 percent from 1998 to 2015. There are less employed in Australia then Malaysia, this could be due to have more machinery and technology to work for individuals in Australia which leads to unemployment, not needing more people to work for the specific business. Both Australia and Malaysia have more men working than females, but Malaysia have 3.9 percent more men working more than women greater than