'Pestel Analysis Essay\r'

'Australia is the 15th richest ground in per capita terms and is the 6th oldest continuously functioning republic in the world. Australia has the 14th biggest overall economy in the world and the 9th biggest economy. Australia’s economy is open and innovative. over the past decade solid productivity gains imbibe been accompanied by low inflation and amuse rates. Also Australia has low barriers to trade and investment .Australia alien and trade policies promote the security and long term prosperity of Australia in a global context. Australia’s economy is highly susceptible to the impact of clime change. In 2008 the Australian Government committed to bring on an organization called â€Å"Infrastructure Australia” to provide a new-fangled national approach to planning ,implementing and funding the nations future. world a safe, stable and prosperous country Australia is an progressively attractive hub for international and regional caper and business op erations. Political environment\r\nIn Australia, it is a liberal-capitalistic democracy. The defer keeps interfering substantially in the economy through and through the use of various roles; for instance the parliament big businessman decide to set up importation taxes aimed to defend the national economy, or it might create environmental protection laws aimed to protect the natural heritage of the country. This falls international business because when taxes keep varying and increasing in particular there will be an impact on the economy which in turn will affect the exchange rates and currency rate. According to surveys Australia’s economy continued to gather pace in March as world demand for commodities boosted the nation’s coffers. However due to recent suspicion from the European debt crisis could lower expectations of economic growth in the future.\r\n'