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Globalization in a narrow sense can be described as the increasing internationalization of production, distribution, and marketing of goods and services. In a broader sense, it refers to the expansion of global linkages, the organization of social life on a global scale, and the growth of a global consciousness, hence to the consolidation of the world society. It is a complex economic, political, cultural, and geographical process in which the mobility of capital, organizations, ideas and peoples has taken on an increasingly global or transnational form. (Wiseman., 2000 ).
As said by Di Filippo globalization cannot exist in a vacuum. There are benefits as well as consequences of globalization. Globalization has largely affected the Australian economy and the business enterprises both positively and negatively. For example, during the last ten years, Australian universities have become progressively more "international" in focus, scope and strategy. The number of international......

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Approximate Word Count: 2576
Approximate Pages: 11 (250 words per double-spaced page)

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