Australian Business

You have made the good choice! Reading this article will surely be a benefit to you, hope that you will enjoy it as much as we have enjoyed writing it for you.

Are you one of the countless travelers who fell in love with Australian society? Before you start scheming and plotting your big move to the land down under, you should first consider what the Australian business scene is like. Some of the best employers of Australia include FedEx Express, Sales Force (customer development), American Express, Flight Centre, Microsoft, Nokia, Inside Mobile, Novartis Consumer Health, Cisco Systems, Medtronics, Carson Group and Express Data. As you can see, the service/business support sector is particularly busy.

Globalization is a big part of business in all industrialized countries, but more so with regard to business in Australia. Liberal immigration policies following the world wars has added thousands of citizens from Japan, mainland China, Vietnam, Fiji, South Korea and the Philippines to its shores. For this reason, there is a good working relationship with these other nations and the Chinese industrial world has a growing demand for Australian minerals and fuels.

The rise of China's middle class added another agricultural market to Australia's list, which previously exported mainly to Japan. It is estimated that one out of two of Australia's export dollars are now earned in Easy Asia (3/4 in the Asia-Pacific realm, in total). Half of Australia's foreign direct investment occurs in Asian countries too.

In addition to spreading its tentacles overseas, Australian business is very much dependent on the small business sector. There are 1.2 million small businesses that employ 3.3 million Australians. Since 2000, these smaller employers have generated 660,000 new jobs and are responsible for 42% of all exports. Sixty-five percent of these small businesses have endured more than fifteen years, which is an encouraging sign. Two-thirds of these firms are home-office businesses and over half of Australia's "small businesses" are actually just one self-employed individual contractor or consultant. Most of these owners are trade professionals from 30 - 50 years of age, with little formal training, who used personal finances to get started. It seems that the entrepreneurial spirit leftover from the gold rush days is still very much alive in Australia today.

For more Australian business news, you can read the Australian financial review, found online at AFR.com. If you're a regular reader, then you'll get a better sense of the Australian society and their values. AFR consistently follows an economic liberalism slant that favors small government, deregulation of business, privatization, low taxes and trade liberalization. Or if you're more interested in the Australian stock exchange, then you can find real-time updates at ASX.com.au!

I thank you for reading my article, I hope that it was interesting and I recommend browsing through a few more.





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Today's Tip On Australia

The aboriginals of the Daruk, Eora and Guringai tribes began in Sydney Australia as long as 40,000 years ago have left their mark on this popular Australian city; the name of a city suburb, petroglyphs and rock carvings, paintings or seafood shell piles all show evidence of early civilizations. Europeans sailed over in 1788, arriving with England's First Fleet, which was a ship full of prisoners. Originally designated as a penal colony, Australia's fortune changed when gold was discovered. It attracted settlers from all around the world who arrived, settled and set up an official government.


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