Disadvantages Of Globalization In Australia

Globalisation is the idea that bring businesses, technologies, services and goods to spread throughout the world. It empowers globalized companies, such as: McDonalds, Starbucks. It also increase trades for developing countries to developed countries and it gets the developing countries to trade with other countries around them or even countries overseas. Due to globalisation, most of the developing countries globally started to depend on strongly economic countries, attempt to create a double win situation, while the developed countries could get their resources and the developing countries could get the fund to improve their economy and government which both sides are lack of. The idea of countries started to interdependent each is “basically the study of how economic ties (mostly trade) influence interstate dispute behavior” (Mansfield and Pollins, 2003). It’s basically how the economics of a country influence and rely on each other. This idea not only create an advantage that I

This could benefit both the labor in the developing countries and the company because developing countries have a lower minimum salary range and this means “saving a lot of money on company insurance” (Asefeso, 2012). According to Chart 1 below, we could see that most of the developed countries like Australia and France has a minimum wage more than $10 but for the developing countries like India and Sierra Leone both have a minimum wage not more than $1. This shows a significant difference of minimum wage between developed countries and developing countries. Overall, it proves that outsourcing is a cheaper option for companies to do a particular manufacture or business process that the company needs and a good idea of reducing work load for a