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Essay text:
Its main impact was on International convergence, economic Growth, development and quality of life, trade, investment and Transnational corporations, distribution of income, environment, financial markets, international business cycle and implications for government economic policies.
Globalisation has enabled Australian markets to be open to foreigners. As a result of this, international convergence has increased as other countries will rely on Australia to provide goods to be traded with another nation. International convergence is the tendency of economic systems to become similar in different ways...
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