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Australia Trade and Finance
The topic specified is trade and finance but in this assignment, I shall be concentrating on more of the trade aspects of this link.
In your chosen area, identify and describe the way your chosen link operates nationally, regionally and globally.
In Australia trade is used to improve the overall stability of the economy. Trade operates on a national level in Australia without the implementation of interstate barriers or tariffs. Separate states only very rarely trade amongst themselves, instead individual companies are involved in the process of buying and selling goods within other states for eg. Many tropical fruits from Queensland are sold to other states from individual producers but not actually by the state itself. The Australian stock exchange is also an example of this as it operates nationally instead of operating separately in different states.
Trade operates internationally, in the step towards a strong global economy but Australia’s main trading occurs on the regional scale within the Asia-Pacific as a result of the proximity of the region which allows for cheaper trade with more efficient transportation methods. Australia is one of the major trading partners of South-East Asia and is responsible for exporti
Approximate Word count = 1457
Approximate Pages = 6 (250 words per page double spaced)
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