Impact of Globalization on Employment Levels

FTAs enhance GDP growth by promoting trade, reducing barriers, and stimulating local job creation and tax revenues.

Fair competition under ANZCERTA ensures that trade between Australia and New Zealand develops equitably, benefiting both economies.

AANZFTA provides new opportunities for exporters to access the ASEAN international supply chain.

<p>Companies can reduce carbon emissions, implement recycling programs, and use biodegradable materials.</p> Signup and view all the answers

<p>FTAs aim to eliminate trade barriers, facilitating smoother and more efficient international trade.</p> Signup and view all the answers

<p>Businesses should avoid using sweatshops with low wages and excessive work hours.</p> Signup and view all the answers

<p>AANZFTA offers legal protection for investments, enhancing certainty for service suppliers and investors from Australia and New Zealand.</p> Signup and view all the answers

<p>Outsourcing allows companies to focus on core activities while ensuring fair treatment and appropriate wages for the outsourced parties.</p> Signup and view all the answers

<p>Management should visit manufacturing sites and engage with local unions to verify adherence to ethical labor practices.</p> Signup and view all the answers

<p>Globalisation creates opportunities and challenges for businesses to maintain ethical standards across diverse markets.</p> Signup and view all the answers

<p>Higher unemployment rates lead to lower wages and a larger applicant pool, while lower unemployment rates result in higher wages and fewer applicants.</p> Signup and view all the answers

<p>Businesses prefer developing countries for manufacturing due to lower labor costs, cheaper supplies, and higher profit margins.</p> Signup and view all the answers

<p>Communication technology facilitates easier collaboration among businesses across countries, enabling them to work together effectively.</p> Signup and view all the answers

<p>Globalization promotes the sharing of ideas and skills, leading to the dissemination of new innovations and business models worldwide.</p> Signup and view all the answers

<p>Transportation technology has improved, allowing for increased movement of goods across borders, fueled by globalization.</p> Signup and view all the answers

<p>Free trade agreements encourage collaboration between nations by reducing tariffs and barriers to trade, promoting economic interdependence.</p> Signup and view all the answers

<p>Increased access to international labour enhances skill diversity and productivity in domestic markets, potentially leading to innovation and improved services.</p> Signup and view all the answers

<p>A flooded domestic market may compel local businesses to reduce prices or seek profit overseas to maintain competitiveness.</p> Signup and view all the answers

<p>Multinational societies promote a greater understanding of diverse cultures through interaction, fostering tolerance and cooperation.</p> Signup and view all the answers

<p>A lack of international cooperation can lead to increased trade barriers, limiting the flow of goods, services, and ideas across borders.</p> Signup and view all the answers

<p>Online platforms allow domestic businesses to reach a global audience, expanding their customer base and diversifying revenue streams.</p> Signup and view all the answers

<p>Domestic businesses may adopt cost-cutting measures, innovate their products, or enhance customer service to stay competitive.</p> Signup and view all the answers

<p>World Trade Organisations facilitate negotiations and dispute resolutions, promoting fair trade practices and compliance among nations.</p> Signup and view all the answers

<p>Positive global relationships foster collaboration, enhance trust, and enable more effective problem-solving at an international level.</p> Signup and view all the answers

<p>Increased sales lead to greater profits remaining in Australia.</p> Signup and view all the answers

<p>It leads to more employment opportunities for locals.</p> Signup and view all the answers

<p>Greater profit from sales increases taxes collected from businesses.</p> Signup and view all the answers

<p>Lower unemployment typically results in less crime.</p> Signup and view all the answers

<p>They create demand for Aussie products overseas.</p> Signup and view all the answers

<p>It improves their standard of living by providing more spending power.</p> Signup and view all the answers

<p>It increases funds for essential public services.</p> Signup and view all the answers

<p>They risk having a terrible public image and may not maintain long-term success.</p> Signup and view all the answers

<p>By collaborating with local unions and adhering to fair wages, conditions, and health regulations.</p> Signup and view all the answers

<p>It helps businesses meet their needs while preserving resources for future generations and can enhance market positioning.</p> Signup and view all the answers

<p>It can enhance societal growth and improve public perception, leading to better customer loyalty.</p> Signup and view all the answers

<p>It helps identify environmental impact and aids in developing strategies for waste reduction and energy efficiency.</p> Signup and view all the answers

<p>Employees feel they contribute to society through sustainable practices, leading to improved morale and reduced absenteeism.</p> Signup and view all the answers

<p>Businesses should adhere to fair wages, provide proper working conditions, and comply with health regulations.</p> Signup and view all the answers

<p>A poor public image due to unethical labor practices can damage a company's reputation and profitability.</p> Signup and view all the answers

<p>Climate change is a significant global issue that businesses can impact through CSR initiatives.</p> Signup and view all the answers