External Influences - Geographic

Geographic influences include a nation’s physical location in relation to the global economy, the size of land, its proximity to global networks, global markets and global suppliers and the size, location and movement in the domestic population.

Australia is positioned in the fastest growing region: Asia. This has lead to the growth of our economy through trade and enormous opportunities for businesses to sell quality goods and services to the large populations in Asia (China, India, Japan, Indonesia). As Asia grows, so can Australia.

Globalisation: the process of creating a single-world market. Communications and transportation technology (containerization - see video below) have allowed businesses and consumers to think globally in their activities. 

Inputs from the global market (labour / materials) can be utilised by global firms to make and sell products to global consumers (Apple).