Technological development and enlargement of investment currents during the second half of the 19th century and early twentieth century started an era of emerging global economy. Conditions are now given so a global market will spread during the 21st century, where the Nation-state will have to...

Globalisation and trade liberalisation has significantly altered Australia's trading environment over the past thirty or so years. Historically, Australia used forms of protection such as tariffs and subsidies to raise the price of imports and keep domestic industries competitive, thereby adding...