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Globalization and its Impact on the Australian Agri-food System


Introduction
What does globalization mean? Carbaugh (2005) describes globalization as the
process of greater interdependence among countries and their citizens. It
consists of increased integration of product and resource markets across nations
via trade, immigration1, and foreign investment. It also includes non-economic
elements such as culture and the environment. According to Carbaugh,
globalisation has political, technological, cultural and economic dimensions.
Martin Wolf says that globalisation is about a movement towards greater
integration of countries, as both natural and man made barriers to international
economic exchange continue to fall. Wolf goes on the say that a necessary
consequence of such a process of integration is the increased impact of
economic change in one part of the world on what happens in other parts of the
world. Globalization is not new. The economic historian Angus......

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Approximate Word Count: 4121
Approximate Pages: 17 (250 words per double-spaced page)

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