Impacts of globalisation

What are the general positive impacts of globalisation?

It provides access to more affordable products, creates trade opportunities, supports economic growth and brings people and cultures closer together

What are the general negative impacts of globalisation?

It can damage the environment, increase inequality and contribute to job losses in local industries

How has globalisation positively affected Australia's economy?

It has increased export opportunities, encouraged foreign investment, helped businesses grow and supported tourism and international education

How has globalisation negatively affected Australia's economy?

It has contributed to the decline of local manufacturing, job losses in some industries and Australia's dependence on imported goods

Why can globalisation cause job losses in Australia?

Businesses may move production overseas where labour is cheaper, reducing the need for Australian manufacturing workers

Why can dependence on imports be a disadvantage?

Supply chain disruptions can cause shortages or delays when Australia relies on other countries for products

How can globalisation increase inequality?

Some people, businesses and regions benefit more from international trade and investment than others

Is globalisation always positive?

No, it creates economic opportunities and cultural connections, but it can also cause environmental damage, job losses and inequality