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"Australia is a limited market. Businesses in such markets seek global remedies."
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"Australia is a limited market. Businesses in such markets seek global remedies." In a speech made by the Hon. Alexander Downer MP, Minister for Foreign Affairs, to the Asia Society and AUSTCHAM in Hong Kong, 15 October 1997, he stated "There can be no question that globalisation offers huge opportunities for internationally competitive economies. But it also brings in its wake challenges for political and economic management. No economy stands - or prospers - alone. Globalisation brings with it increased competitive pressures in markets, and makes globally-based trade rules and disciplines even more important." In essence, he is saying that globalisation can help to open up new markets for countries that embrace it. As Australia is a limited market, its businesses seek global remedies, or globalisation, to help them expand outside Australia. Globalisation is one of the 'buzz words' of the 1990's: we live in a 'global' village, we consume 'global'...
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