Assignment on International Business Policy in Australia

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Added on 2020-04-07

Assignment on International Business Policy in Australia

Added on 2020-04-07

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Student’s Last Name 1International BusinessBy (Name)CourseProfessorUniversityDate

Assignment on International Business Policy in Australia_1

Student’s Last Name 2Relations between political economy factors of AustraliaPolitical System 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 corruption or underpayment.Economic systemThe 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 SystemBoth 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

Assignment on International Business Policy in Australia_2

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Assignment on International Business Policy in Australia