...What the Government should do in regard to China policy following the 2013 Federal Election 30 July 2013 at 22:44 Some Australian commentators claim that Australia is at a cross roads, and that it is unprecedented that its largest trading partner is not its closest ally.[1] In fact, its major ally and largest trading partner are engaged in a Cold War power struggle. They go on to say that solving this ‘unprecedented’ situation is Australia’s greatest foreign policy conundrum for at least the next decade.[2] However, Australia’s situation is not unique, neither in the region nor in its own history. By considering the recent positions of the major political parties this essay will examine Australian and Chinese foreign policy in relation to the importance of the Australian-Chinese relationship and whether we need to choose between China and America. Lastly, I shall recommend strategies for the Australian government to implement regarding its China policy. The overarching foreign policy aim for both the ALP and Coalition is serving Australia’s national interest, which can be broadly broken down into four main goals: maintaining the territorial integrity of Australia, including the safety and security of its society and economy; ensuring regional stability and preserving the existing regional balance of power; the sea lanes that make up the arteries of international trade remain open; and responding to new security threats.[3] Included in the last goal are terrorism, international...
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...ECON101 ESSAY -Foreign exchange -AE questions -Demand pull/Cost push Fiscal or Monitory policy - Money market (Demand/Supply) (Definition of Economics) Scarcity refers to the situation where resources (like labor and time) are limited but the wants are unlimited. (GDP) - GDP DEFINED GDP or gross domestic product is the market value of all final goods and services produced in a country in a given time period. - Final Goods and Services GDP is the value of the final goods and services produced. A final good (or service) is an item bought by its final user during a specified time period. Real GDP per capita = Real GDP/Population (Real GDP Fluctuations ) A business cycle is a periodic but irregular up-and-down movement of total production and other measures of economic activity. Every cycle has two phases: 1 Expansion 2 Recession and two turning points: 1 Peak 2 Trough (List 4) Factors not in GDP that influence the standard of living are * Household production * Underground economic activity * Health and life expectancy * Leisure time * Environmental quality * Political freedom and social justice (Fixed Prices and Expenditure Plans) Disposable income is either spent on consumption goods and services, C, or saved, S. That is, Yd = C + S (MARGINAL PROPENSITY TO CONSUME) It is calculated as the change in consumption expenditure, △C, divided by the change in disposable income...
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...Introduction Australia has felt the full impact of Chinas “extraordinary economic growth and active diplomacy” (Ikenberry 2011, 23) in East Asia. The power transition of China “becoming a formidable global power” (Ikenberry 2011, 26) is of growing importance to Australia’s economic prosperity and security (Shen 2009, 110). But as relative power begins to shift, the latest defence White Paper released last Friday May 3, stated “the relationship between the United States and China, the region’s and the globe’s two most powerful states, will more than any other single factor determine our strategic environment over coming decades” (Probyn and Wright 2013). Drawing upon the Research Thesis of Yi Shen at the University of NSW, the aim of this essay is to examine the repercussions of the US-China strategic rivalry over Taiwan. In the event of conflict, Australia would be forced to side with the US which “has kept Asia peaceful and Australia secure for many decades” (White 2011, 81). Maintaining a military alliance with the US as well as ongoing economic opportunities with China requires stable relations amongst Asian powers by adopting “the logic of concert” (White 2011, 90). As China becomes an ongoing threat to US primacy in Asia, it is in the best interest of Australia to maintain dual relations by the establishment of a new order that ensures regional stability and security throughout Asia. Clash over Taiwan Australia’s ability to maintain dual relations with the United States...
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...terror. Australian security policy has been further developed following the international response after the events of September 11, 2001. The implementation of anti-terror laws provided Australian Security Agencies with extra powers need to investigate and detain those who threaten Australia, its people or interests. These Security Agencies experienced substantial budget increases to further develop capabilities in the fight against terrorism. Regional stability throughout South East Asia provides a challenge for Australian foreign security policy. Australia’s geographical proximity to Southeast means Australia has an invested interest in maintaining stability through strong ties with states such as Indonesia. This essay will critically state how the US and South East Asia have shaped Australian security with an international response against terrorism. Over the past 60 years Australia and the US have formed an alliance to combat those who pose threat to global security. The alliance was constitutionally formalized in 1951 with the signing of the ANZUS Treaty (US Department of State, 2011). The signing of the treaty binds Australia and the United States to consult on mutual threats and act upon common dangers. The agreement was drawn into effect for the first time with a global response against the terrorist actions of September 11. Australia and the US have shared military and intelligence capabilities with the invasion into Afghanistan and Iraq (Department of Foreign Affairs...
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...Research Essay 3000 words Globalisation presents significant opportunities and challenges for business around the world. Are the environmental challenges and ethical dilemmas Fisher & Paykel currently face outsourcing manufacturing to a developing country beneficial to Australia? Globalisation can be described as the intertwining processes of the world. It is not only an economic process, which involves rising communication and integration of all countries’ economies through the growth in international trade and investment, but also the rapid cultural, social, technological and industrial exchange between nations (IYP, 2002, p. 11). Globalisation presents significant opportunities, as well as many challenges, for business around the globe. Many companies are currently making the decision to move production offshore to lower expenditure and increase profits. However, there are numerous environmental challenges, as well as ethical dilemmas involved with outsourcing. Throughout this essay I will show how globalisation is connected with the present issue of New Zealand’s ‘Fisher & Paykel’ (F&P) Brisbane plant outsourcing manufacturing of their whitegoods to Thailand. Shown by exploring the reasons and challenges involved both in the business environment and ethical arena. Such ethical issues under scrutiny at present are the loss of Australian jobs and the replacement of low wage employment offshore. After the analysis of various sources of information, it will be clear that the...
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... Australia Sarah Jury An essay discussing the factors contributing to the steady decline in trade unionism in Australia since the 1980’s and the relevance of unions to workers today. M G T S 2 6 0 7 : E m p l o y m e n t R e l a t i o n s W o r d C o u n t : 1 9 8 2 Sarah Jury Trade Union Decline in Australia 42395582 There has been a dramatic decline in trade union membership rates across Australia since the 1980s. In 1986, 46% (or 2.6 million) of employees were trade union members; this figure has steadily declined to 19% (or 1.7million) of employees in 2007 (Australian Bureau of Statistics, 2009). By May 2010 trade union membership had fallen to a record low of 18% (or 1.84 million) of employees and remained steady for the past 3 years (Australian Bureau of Statistics, 2013). This essay aims to highlight the factors that have played a significant role in the steady decline of unionization in Australia. It focuses on the changing composition of the labour force, the change in governmental policies, the newly empowered role of management and employers and the structures...
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...and consistent. That is, any reference that you list should allow the reader to go to that source and confirm that the arguments espoused in the writing are in fact derived from that source. Harvard referencing is recommended. A Harvard Referencing Guide is provided on Blackboard. you need to use appropriate language and submit a professional piece of work. Avoid slang or colloquial terms; check spelling and grammar; use appropriate language given who you are being asked to write for. IS TO BE NO MORE THAN 750 WORDS IN LENGTH. Any essay exceeding the word limit will be penalised. Markers will have the right to stop marking after 750 words. The word count must be stated at the beginning of the essay. You need to use a font size of 11 or 12, 1.5 line spacing and normal margins (1 inch at top, bottom, left and right). Keep in mind that a marker/reader faced with a nice-looking and well-presented text has a positive attitude towards marking/reading the essay (and vice versa!). Structure The structure should be: Executive Summary (not exceeding 150 words) on a separate front page; Introduction; Body (Analysis); Conclusion; Reference list and a clear...
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...CAD ESSAY Analyse the causes and effects of Australia’s on-going current account deficit. The balance of payments is the record of all of a country’s international financial transactions in a given year and consists of the current account and the capital and financial account. The current account consists of non-reversible, external transactions and includes Balance on Goods on Services as well as Primary and Secondary Income components. Australia’s persistently high current account deficit (CAD) is contributed to by structural and cyclical factors and a sustained CAD may have both positive and negative impacts on an the Australian economy Australia’s current account has persistently been in large deficits since the mid-1980s and Australia has continued to pay out considerably large amounts of money for goods, services and other income and transfer payments. As of 2013 is balance on the current account was recorded as a deficit of $ -47.7 billion dollars. The CAD is influenced by cyclical factors, such as changes in global demand for commodities, Australia’s terms of trade and the demand for imports from Australian consumers and businesses. In the domestic economy, expansionary economic activity will contribute to a higher CAD. These are determined by the level of economic growth in Australia relative to that of major trading partners. If economic activity is high, Australian demand for imports will exceed overseas demand for Australian exports, representing a leakage...
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...of evolution, globalisation and racial activism, theorists are presenting new social theories to inform disciplines of new developments and applying these theories to social problems. Critical race theory (CRT), acts to provoke change from macro structures by advocating for power balance between dominant groups and non-dominant groups by exploring and explaining racism and race through a legal lens. This essay will trace the history of CRT by identifying its origins, practice application and critiques of the theory. Furthermore, this essay will explore and explain how CRT can be implemented in human services practice frameworks to benefit Indigenous Australians. This essay will conclude by explaining the importance of Indigenous customary laws and bush courts and why the CRT framework addresses the inequalities caused by macro structures preventing recognition of traditional laws. Finally, this essay suggests if CRT were to be implemented in policies and frameworks, the rate of crime associated to Indigenous Australians could dramatically decline. For the purpose of this essay, please note ‘human services’ refers to social work, welfare and community practices and practitioners. First, it is important to understand how critical race theory originated from to fully comprehend its purpose. Scholars Derrick Bell and Alan Freeman, have been largely credited as being the originators of critical race theory (CRT) which seeks to analyse, deconstruct and transform societies understanding...
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...ELECTRONIC ASSIGNMENT COVERSHEET | | Student Number | 31963763 | Surname | Dendup | Given name | Tenzin | Email | Dendup.tenzin3@gmail.com | | | Unit Code | POL161 | Unit name | Asia Pacific in the Global System | Enrolment mode | Internal / external | Date | 13/05/2013 | Assignment number | 2 | Assignment name | Rise of China and Its Security Risk to Australia | Tutor | Kreisti Nillus | Student’s Declaration: * Except where indicated, the work I am submitting in this assignment is my own work and has not been submitted for assessment in another unit. * This submission complies with Murdoch University's academic integrity commitments. I am aware that information about plagiarism and associated penalties can be found at http://www.murdoch.edu.au/teach/plagiarism/. If I have any doubts or queries about this, I am further aware that I can contact my Unit Coordinator prior to submitting the assignment. * I acknowledge that the assessor of this assignment may, for the purpose of assessing this assignment: * reproduce this assignment and provide a copy to another academic staff member; and/or * submit a copy of this assignment to a plagiarism-checking service. This web-based service may retain a copy of this work for the sole purpose of subsequent plagiarism checking, but has a legal agreement with the University that it will not share or reproduce it in any form. * I have retained a copy of this assignment. * I will...
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...Australia has a high speed, convergent media landscape. There are 8.4 million internet subscribers in Australia (the vast majority on broadband), and 24.22 million mobile phone subscriptions (up over 2 million from 2008). Over half of these are 3G subscribers. Since 2008, the hours of foreign content on free-to-air (FTA) television have increased 154 per cent greatly outstripping the growth in Australian content at 59 per cent (ACMA, 2010). One of the flagship policies of the government, headed by Julia Gillard after they came to power in 2010, was to establish a National Broadband Network (NBN), to deliver high-speed broadband services to 93% of Australian homes by 2017 (T.Flew, 2013). Some of the key moments in the history of Australian...
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...will realize a 13% loss upon conversion of the profits from euros to U.S. dollars.” ( http://internationalinvest.about.com) MANAGING CURRENCY RISK There are many options when it comes to managing currency risk, these things include options like currency futures, forwards and options. The choice varies from each individual. Most of these options to reduce short term FX risk may be not available in some places and too expensive to be useful in the other places. CURRENCY OPTIONS In general, currency options (Foreign- exchange options) is a derivative financial tool that gives the owner the right but not the obligation to exchange money from one currency to another at a pre- determined exchange rate on a specified date. The appreciation/depreciation of the foreign currencies are indirectly proportional to the exporters profit/loss. If the value of the foreign currency goes down the exporter Is protected from loss but on the other hand, if the foreign currency goes up the exporter will face a loss. Although currency options are very flexible in nature, they can also pose to be more expensive than currency forwards. “The global market for exchange-traded currency options was notionally valued by the Bank for International...
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...In the context of IPE, what is globalisation? To what extent has the authority of nation states been eroded by globalisation? Discuss with reference to any OECD country. IPE and Globalisation In order to explain globalisation in the context of International Political Economy (IPE), I will begin by discussing the frameworks that IPE uses to describe the social constructs upon which human society is based. This discussion will then extend to issues pertinent to the essay question, including the concepts of globalisation, the nation state, authority and sovereignty, and the extent to which a nation state’s participation in a globally interdependent system influences that nation state’s authority. IPE connotes a multidisciplinary method of enquiry to explain the ever-changing relationships between states, markets and societies across history and in different geographical areas. IPE includes a political dimension that accounts for the use of power by a variety of actors including individuals, domestic groups, states, international organisations, NGO’s, and transnational corporations. IPE also involves an economic dimension that deals with how scarce resources are distributed among individuals, groups and nation-states. (Ballam and Dillman, 2011, p7) To place globalisation within the context of IPE, one must view the concept in terms of the causes and effects of the world market economy, the relationship between 2 economic and political change, and the significance...
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...MGSM845 : ECONOMIC CONTEXT OF MANAGEMENT Essay Term 2, 2013 ‘Sustaining Australia’s rate of economic growth above 3.25%, once the mining sector’s level of investment spending reduces during the next couple of years, is going to be a major challenge which will require a focus by the public and private sectors on productivity’. Discuss this statement, including an analysis of Australia’s GDP growth rate since 2000 and the drivers of GDP growth in Australia. What are the implications of your outlook on monetary policy settings? Name: 1,500 Student No.: Word Count: MGSM845:ECONOMIC CONTEXT OF MANAGEMENT Term 2, 2013 The Australian resources sector plays a vital role in the Australian economy. The resources sector is the largest contributor to merchandise exports, a major contributor to GDP, a major employer, a major contributor to government revenue and investment. Other benefits such as its contribution to rural and regional development and technological development and environmental research are also significant. Australia has experienced significant GDP growth since the early 2000’s, it has effectively been a two speed economy where the strong mining sector growth has been offset by the reduction in the manufacturing sector. Following the global financial crisis in the late 2000’s, the Australian government fiscal policy placed significant pressure on the foreign exchange rate which lead to slowing of industries ...
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...Course Description 4 6. Assumed Knowledge 4 7. Course Objectives / Learning Outcomes 5 8. Link to Graduate Attributes 5 9. Course Content 5 10. Continuous Course Evaluation and Improvement 6 TEXTBOOKS AND REFERENCES/READINGS 6 11. Textbooks and Readings 6 12. Prescribed Text 6 13. Recommended Texts/Readings 6 TOPIC AND LECTURE OUTLINE 7 14. Course Schedule 7 ASSESSMENT DETAILS AND POLICIES 8 15. Types and Due Dates of Assessment 8 16. Details of Assessment 8 17. Penalties 9 18. Academic Integrity, Plagiarism and Turnitin 9 19. Cover Sheets for Assessment 10 Assessment Grades and Percentages 10 ACADEMIC SKILLS RESOURCES 10 20. Academic Skills Resources 10 UNIVERSITY POLICIES AND GENERAL INFORMATION 11 21. Extension of Time for Assessment Items, Deferred Assessment and Special Consideration 11 22. Students with a Disability or Chronic Illness 12 23. Changing Your Enrolment 12 24. Other Policies Related to Your Enrolment 13 25. Alteration of this Course 13 26. Careers Service 13 FACULTY CONTACTS 13 27. School/Faculty Contact Details 13 APPENDICES 15 STAFF AND COURSE DELIVERY ARRANGEMENTS Teaching Staff Course Coordinator and Lecturer |Name |Paul Docherty | |Room and Building |SRS213 – Social Sciences...
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