• Features of globalization o Trade Flows o Financial Flows o Trans National Corporations o International Business Cycle • Effect on Australia o Internal Stability • Free Trade impacts • Higher living standards, more consumption with lower prices → growth, less imported inflation • Increase competitiveness/reallocation → less inflation, long term growth, short term unemployment • International business cycle • GFC wouldn’t have happened without globalization, couldn’t have had growth without…
Words 6401 - Pages 26