Relations Political Economy Factors Australia-Myassignmenthelp.Com

Question: Discuss About The Relations Political Economy Factors Australia? Answer: Introducation The Australian political system has policies such as visas (Collins, 2013, pp. 160). Migrants interested in business are issued short term visas for either single entry or for multiple entries and those interested in temporary business issued with long term visas allowing highly skilled personnel to come to Australia to work for an approved employer for up to four years. The tax system imposed on the migrant's wage is to avoid management or underpayment. Economic system The free market and free trade have opened new job opportunities to migrant workers. Moreover, an increase or decrease of the Australian securities exchange will influence the entering of migrant workers. The economy and stock market affect the success of different companies, and this achievement or failure flows down the business chain and affects its employees who could be transnational migrant workers. It also can affect whether people are hired or not due to the company's power to do so with their profits. Legal System Both the Statutory Law and Common Law may differ in each country; the employment rate of high skilled migrant workers will be affected by the acceptance of projects in the country depending on the approval of the legal system. Informal economy Corruption within the industry is less according to the Corruption Perceptions Index determined by expert assessments and opinion surveys. However, influence People working side jobs on top of their primary or actual job and enter legal firms by bribing the board members or owners. Cultural aspects Looking at Australias cultural aspects, Australia is a great country to migrate to with a lot of Business considering the following factors. First, the political benefits and limitations which facilitates the power distance has a low score in Australia and proves that communication between managers and employees at their workplace is convenient and reduces the chances of a fight for political power (Bernadette and sanders, 2013, pp. 610).Respect for traditions as shown by the long time orientation ensures that Australians and practicing good politics. The optimism proved from indulgence score in Australia shows that the people have no hesitance to practicing democracy. Individualism in Australia prompts people to be self-motivated and rank themselves according to their achievements. Second, the factors associated with the economic advantages and disadvantages. A small power distance reduces the probability of being unemployed in the long term (Gregory, 2014, pp.328). Long time orientation score ensures that the Australian economy grows. On the other hand, a high score in indulgence may reduce the level of saving in the economy as people spend without hesitation. Corruption is at minimal in Australia in the employment industry as hiring and promotion of workers is done based on qualifications and work done by individualism. Third, lifestyle advantage and disadvantages which facilitates the low score of power distance since the Australians foster well developed formal and informal communication that adds friendliness in their day to day life (Fiske, 2016, pp.34). However, Long term orientation as scored proves that Australians do not worry about events that are yet to happen therefore showing little preparedness. Indulgence score is high in Australia showing that the people are optimistic about life and have learned to have fun without hesitance. As a result of the high score of individualism, Australians are encouraged to take care of themselves and their immediate family in the society. References Fiske, J., Hodge, B. and Turner, G., 2016. Myths of Oz: reading Australian popular culture. operations. Collins, J., 2013. Rethinking Australian immigration and immigrant settlement policy. Journal of Intercultural Studies, 34(2), pp.160-177. Gregory, R., 2014. The two-step Australian immigration policy and its impact on immigrant employment outcomes. marketing Download This Paper.-328. Bernadette van Rijn, M., Yang, H. and Sanders, K., 2013. Understanding employees' informal workplace learning: The joint influence of career motivation and self-construal. Career development international, 18(6), pp.610-628.