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1.0 Executive Summary In relation to the statement of the Minister of Youth Affairs to the Federal Standing Committee which shall provide the general consensus of Australian youth as to why Australia should not support a policy of globalization, a report has been compiled outlining the adverse affects inherent in globalization. The report, commissioned by the Youth Minister, will outline the issues surrounding of Globalization, discussing in detail both the advantages and disadvantages of adopting such a policy. A case study of the former multi-national corporation ENRON will be used to show why Australia should adopt a policy to support Globalization. 2.0 Globalization The International Monetary Fund, from the Oxford English Dictionary defines globalization as "the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread......

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