Pestel Analysis Essay

Australia is the 15th richest nation in per capita term and is the 6th oldest continuously functioning democracy in the world. Australia has the 14th biggest boilers suit economy in the world and the 9th biggest economy. Australias economy is open and innovative. over the past decade solid productivity gains have been accompanied by low inflation and interest rates. Also Australia has low barriers to trade and coronation .Australia foreign and trade policies promote the security and long term prosperity of Australia in a global context. Australias economy is highly persuasible to the impact of climate change. In 2008 the Australian Government committed to acquire an organization called Infrastructure Australia to provide a new national go on to planning ,implementing and funding the nations future. Being a safe, stable and prosperous province Australia is an increasingly attractive hub for international and regional business and business operations. semipolitical environmen tIn Australia, it is a liberal-capitalistic democracy. The state keeps interfering substantially in the economy through the use of various roles for instance the parliament aptitude decide to set up importation taxes aimed to protect the national economy, or it might create environmental protection laws aimed to protect the natural heritage of the country. This affects international business because when taxes keep varying and increasing especially in that location will be an impact on the economy which in figure will affect the exchange rates and currency rate. According to surveys Australias economy continued to gather pace in March as world demand for commodities boosted the nations coffers. However due to juvenile uncertainty from the European debt crisis could lower expectations of economic growth in the future.