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Improved transportation also permits increased contact with foreigners through tourism and increased awareness of cultures around the world including new idea and innovations. These innovations can help the economy become more efficient. Australia has experienced large amounts of growth in the IT industry due to the revolution of the sector in the last 10 years...
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This has resulted in a more rapid and sustainable growth rate at about 2-3 % per annum. Since 1992/93, Australia has experienced 9 years of growth above 2.5%. During 1999, telecommunications sector increased their output greatly as internet data transmission was getting faster, cheaper and more accessible to people...
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Globalisation On Australia
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