Globalization and the Effects on Australian Society

Globalisation can many different definitions and is constantly changing, and there does not seem to be a widely accepted definition and will take on different cultural, political, social and other connotations as time goes on . It is indeed an economic phenomenon, involving the increasing interaction, or integration of national economic systems through the growth in international trade, investment and capital flows. It is a cross border social, cultural, technological exchange. It's a process in which geographic distance becomes a factor of diminishing importance in the establishment and maintenance of cross border economic, political and socio-cultural relations. (Comaroff, 2000: 291-343) Globalisation undeniably is a capitalist process and has taken off as a concept in the wake of the collapse of the soviet union and of socialism as a viable alternate form of economic organisation. Globalisation can be seen in transitional stages from agricultural, industrial and technological. …