Globalisation

Running head: GLOBALISATION
GLOBALISATION
Name of the Student
Name of the University
Author Note

1GLOBALISATION
Answer to Question 1
Neo-liberalism is mainly based on the resurgence of the different ideas of the 19th
century based on economic liberalism which had taken place in the 20th century. The different
factors which can be considered to be an important part of neo-liberalism include, austerity,
deregulation, privatization, reduction in the spending made by the government and free trade.
The role of private sector has increased effectively in the modern business environment. The
government business relations or GBR has started decreasing in modern environment and neo
liberalism has become dominant in nature (Monbiot, 2018). The high levels of privatisation
in the environment has further affected the relationship which has been developed among the
business and government of different countries. The effect which governments previously
had on the company policies have also decreased in a huge manner due to privatisation in
different industrial sectors. This has further led to the dominating nature of neo liberalism on
the government business relations.
Answer to Question 2
Globalisation can be defined as the process that is based on the levels of integration
and interaction between companies, people and the governments in different parts of the
world. The globalisation based activities have started growing in a huge manner with the help
of effective advancements in the technology of communication and transportation. The
interaction between organizations of different countries are affected by the policies that are
developed by the governments. The economic condition of the country is affected by the
government policies and the political stability of the area. The economic stability is able to
affect the ways by which the country is able to provide effective opportunities to the global
organizations (Ft.com., 2018). It can thereby be said that the governments are able to play a
major role even in the modern era of globalisation in different countries. The policies which

2GLOBALISATION
have been developed by the governments are able to play a major role in the effective
operations of global companies.
Answer to Question 3
The relationships that have been developed between the government and business
organizations are able to affect the modern democracy of Australia. The government of the
country is however not able to ignore different needs of the business organizations. Different
needs of global business organizations are affected by the policies which are developed by
the Australian government. The changes which have taken place in the external environment
have been able to affect levels of relationships between business and government of the
country. The government of Australia is able to provide an effective set of rules for the
business organizations that operate in different industries in the country (Trove.nla.gov.au.,
2018). Different sectors of the country are affected in a huge manner by the policies that are
developed by the Australian government. The paradigm based on coopetition which is
considered to be an effective collaboration between cooperation and competition is an
important factor of the GBR model in Australia.
Answer to Question 4
The relationships which are developed between the government and the business
within the country are able to affect the revenues and operations of different organizations.
The central features of relationships which are developed among the government and the
business need to be analysed. The economic policies which are prevalent in the United States
are able to affect relationships which have been developed among business organizations and
government of the country (Ferguson, 2018). Different characteristics which are considered
to be an important part of the government and business relations in the United States which
include,