This economics report examines the impact of economic globalisation on Australia, focusing on the macroeconomic indicators of national output/income, unemployment, current account balance, inflation, inequality, and exchange rates. The report defines globalisation and analyzes how it has affected these indicators, presenting both advantages and disadvantages. Advantages include improvements in national income, a decline in the unemployment rate, and improvements in exports, while disadvantages include a rise in income inequality and the impact on the manufacturing industry, affecting the current account balance. The report concludes that globalisation is beneficial for Australia, suggesting policy recommendations for managing income inequality and promoting job opportunities. The report uses data and statistics to support its analysis, drawing on various sources to present a comprehensive overview of the topic.