australia as developed or emerging market

8/10/2019 Australia as Developed or Emerging Market

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B Y : S A L M A M A N Z A R A I

Z O N A S H H A B I B

AUSTRALIA


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GEOGRAPHICAL OVERVIEW :

Officially the Commonwealth of Australia, is a countrycomprising the mainland of the Australian continent, theisland of Tasmania, and numerous smaller islands. It is

the world's sixth-largest country by total area.Neighboring countries include Indonesia, East Timor andPapua New Guinea to the north; the Solomon Islands and Vanuatu to the north-east; and New Zealand to the south-east.

Australia has many natural resources. These resourcesinclude mineral resources, such as copper


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, gold and diamonds, energyresources, such as coal, oil, and

uranium, and land resources thatare used for farming and logging.These resources are economically

important to Australia.


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Australia is among the world's largest producers of

minerals. The most important mineral resources in Australia are bauxite, gold and iron ore. Other mineraldeposits in Australia include copper, lead, zinc, diamondsand mineral sands.

Natural gas is also abundant in Australia. Some of thisnatural gas is exported from where it is collected. Naturalgas collected in Western Australia, for example, isexported directly to Japan in liquid form.


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DEMOGRAPHICS : POPULATION

The population of Australia isestimated to be 23,604,000 asof 20 September 2014. Australia isthe 52nd most populous country

in the world. Its population isconcentrated mainly in urbanareas and is expected to exceed 28million by 2030 .Overall, Australia's population

density is 2.9 people per squarekilometer, making it one of theleast densely populated country inthe world.


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RELIGIONMinority religions practiced in Australia includeBuddhism (2.5% of the population), Islam (2.2%),Hinduism (1.3%) and Judaism (0.5%).

Australia is a religiously diverse country and ithas no official religion. Christianity is thepredominant faith of Australia

English is the national language of Australia andis spoken by the vast majority of the population.


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Age structure :

0-14 years: 18% (male 2,075,316/female 1,969,645)15-24 years: 13.3% (male 1,534,947/female 1,457,250)25-54 years: 41.8% (male 4,783,473/female 4,626,603)55-64 years: 11.8% (male 1,321,246/female 1,341,329)

65 years and over: 15.1% (male 1,569,197/female1,828,611) (2014 est.)

Gross Domestic Product per capita in Australia was last recorded at37492.85 US dollars in 2013.

Unemployment Rate in Australia increased 6.4 percent in July of2014 from 6.00 percent in June of 2014 .


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There are a number ofprofessional sport leagues in Australia ,including the Australian FootballLeague, NationalRugby League, SuperRugby, the A-Leagueand W-League etc Australians haveplayed cricket formore than 200 yearsand it's one of mostpopular sports.

Other sports aretennis, golf, car racingand marathon.


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Australia has hostedthe Summer Olympicgames twice. In 1956in Melbourne and in2000 in Sydney andfinished 3rd and 4th inthe respective medal

counts.


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Culture & Life In

Australia


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CULTURAL ATTRACTIONS:

The culture of Australia isessentially a Western cultureinfluenced by the uniquegeography of the Australiancontinent.

The oldest surviving culturaltraditions in Australia andsome of the oldest survivingcultural traditions on earth are those of Australia's Aboriginal and Torres StraitIslander peoples.


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AUSTRALIAN FESTIVALS:Festivals have become ubiquitous in Australia, withhundreds held each year. Some are as small as thecommunity-based Apollo Bay Music Festival andThirroul Seaside and Arts Festival, while others,

such as the Falls Festival and Woodford FolkFestival, are able to bring international performersto Australian audiences and showcase Australian works.

Each capital city has a festival. Major festivals are:


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Sydney Festival(January)

PerthInternational ArtsFestival(February March)

Ten Days on theIsland, Tasmania(March)Brisbane Festival(September)Chinese New Year(February)


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F.

Government structure of Australia


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GOVERNMENT STRUCTURE :

The Government of the Commonwealth of

Australia, also referred to as CommonwealthGovernment or the Federal Government is thefederal democratic administrative authority of Australia.

The Australian federal system is a unique mixtureof the Westminster and U.S systems offederal representative democracy.


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Government is undertaken by three inter-connected arms of government:

Legislature : The Commonwealth Parliament Executive: The Sovereign of Australia, whoseexecutive power is exercisable by the Governor-General, the Prime Minister, Ministers and theirDepartments

Judiciary: The High Court of Australia andsubsidiary Federal courts.


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Govt. structure


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LOCAL GOVERNMMENT:

Every state government recognizes local governmentin their respective constitutions. [

There is only one level of local government in all

states, The local governing body is generally referredto as a council, and the territories governed arecollectively referred to as "local government areas.
http://en.wikipedia.org/wiki/Local_government_in_Australiahttp://en.wikipedia.org/wiki/Local_government_in_Australia


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List of local governments :

Local government areas of New South WalesLocal government in VictoriaLocal government in Queensland

Local government areas of Western AustraliaLocal government areas of South AustraliaLocal government areas of Tasmania

Local government areas of the Northern Territory


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Local government powers are determined by stategovernments. All local governments are approximately equal in

their theoretical powers.Unlike local governments in many other countries,services such as police, fire protection and schoolsare provided by state or territory government rather

than by local councils.


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LITERACY RATE 96%MALE LITERACY 96%

FEMALE LITERACY 96%

CRITERIA AGE 15 AND OVER CAN READ AND WRITE BRIEF TEXTS ON

FAMILIAR TOPICS (2012-3)

Literacy rate


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Economy of Australia


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AUSTRALIAN DOLLAR

Currency


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1 AUSTRALIANDOLLAR EQUALS

88.09 PAKISTANI RUPEE

1 AUSTRALIAN

DOLLAR EQUALS0.8 US DOLLAR

Exchange rate


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AUSTRALIAN ECONOMY :

The economy of Australia is one of the largesteconomies in the world with a GDP of US$1.5trillion as of 2013.

In 2012, it was the 12th largest national economy by nominal GDP and the 17th-largest measured byPPP-adjusted GDP, about 1.7% of the worldeconomy. Australia is the 19th-largest importer and 19th-largest exporter.


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according to an analysis of 131 countries on Dun &Bradstreet's Global Risk Indicator (GRI).

Australian economy ranked among world's safesta ccording to an analysis of 131 countries on Dun &

Bradstreet's Global Risk Indicator (GRI ).


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The Australian economy is dominated by its servicesector, comprising 68% of GDP.

The total mining sector represents 19% of GDP.

The Australian Securities Exchange in Sydney isthe largest stock exchange in Australia and in theSouth Pacific and ranks 9th in the world in terms of

market capitalization .


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Service industry contributes 68% to its total GDP


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Mining industry total mining sector is 19% of GDP.


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Unemployment rate;

6.2% in october 2014

Unemployment in comparison to other countries


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Unemployment in comparison to other countries(2013)


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ranks 9 th among world's all countries' stock

exchanges


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Australia is home tosome of the largest

companies in the world:BHP BillitonNational Australia Bank,

Commonwealth Bank

Rio Tinto Group ANZ,Telstra,

Macquarie Woolworthsand AMP which also arethe 10 largest companies

in Australia.

our sm


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our sm

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Tourism


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Industry in Australia


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AUSTRALIAN INDUSTRY :

Main industries of Australia are: miningtransportation

equipments food processingChemicals

steel.


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IMPORTS Australian imports consists of Machinery

Transport equipmentComputersOffice machinesTelecommunication equipment and parts;

Crude oil andPetroleum products .


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Exports

Australia exports coal, iron ore gold meat woolalumina

wheat machinerytransport equipment


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IMPORTPARTNERS

Main importpartners are:China 18.2%United States 11.6% Japan 7.8%Singapore 5.9%

Germany 4.6% Thailand 4.2%South Korea 4.0%


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Infrastructure


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CONCLUSION :

The Australian economy has experiencedcontinuous growth and features lowunemployment, contained inflation, very lowpublic debt, and a strong and stable financialsystem.By 2012, Australia had experienced more than 20 years of continued economic growth, averaging3.5% a year.Demand for resources and energy from Asia andespecially China has grown rapidly, creating achannel for resources investments and growth incommodity exports.


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Australia was comparatively unaffected by theglobal financial crisis as the banking system hasremained strong and inflation is under control.

Australia is an open market with minimalrestrictions on imports of goods and services.

Australia plays an active role in the World TradeOrganization, APEC, the G20, and other tradeforums.


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Australia has bilateral free trade agreements

(FTAs) with Chile, Malaysia, New Zealand,Singapore, Thailand, and the US,Has a regional FTA with ASEAN and New Zealand, Is negotiating agreements with China, India,Indonesia, Japan, and the Republic of Korea, as well as with its Pacific neighbors and the GulfCooperation Council countries, and is also workingon the Trans-Pacific Partnership Agreement withBrunei Darussalam, Canada, Malaysia, Mexico,New Zealand, Peru, Singapore, the US, and Vietnam.


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australia as developed or emerging market

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