We could not have grown if we were not open. Globlalisation creates opportunities for open societies to accelerate their growth. Australia is better set up than most other nations to thrive in this more globalised world, recession in Asia notwithstanding. Our economy is competitive in all major sectors and we are one of the most computer-literate societies in the world. And with information technology we no longer suffer the tyranny of distance.
Globalisation is very good for Australia.
Mr Alan Oxley believes globalisation creates opportunities for open societies like Australia to accelerate their growth. A great paradox Globalisation is no longer just a buzz-word for the 1990s. Indeed, like the other well-used word at the moment, 'reform', it has a multitude of meanings largely dependent on one's own life experiences. The ambiguity of the concept, however, seems to escape fashionable political discourse, which is constantly fostering a certitude about the apparent inevitability of globalisation and our response to it at both the national and individual level. The economic dimensions of globalisation are readily seen in the ongoing push for free trade and the relentless appetite of finance speculative capital.