Pestel Analysis Essay Example for Free

Pestel Analysis tryAustralia is the 15th richest nation in per capita terms and is the 6th oldest continuously functioning democracy in the human race. Australia has the fourteenth biggest overall economy in the world and the 9th biggest economy. Australias economy is open and innovative. Over the past go solid productivity gains have been accompanied by first-class honours degree inflation and interest pass judgment. Also Australia has low barriers to trade and investment .Australia foreign and trade policies promote the security and long term prosperity of Australia in a global context. Australias economy is highly susceptible to the impact of climate change. In 2008 the Australian Government committed to create an organization called Infrastructure Australia to provide a new national flak to planning ,implementing and funding the nations future. Being a safe, stable and prosperous country Australia is an increasingly attractive hub for supranational and regional busine ss and business operations. Political environmentIn Australia, it is a liberal-capitalistic democracy. The state keeps interfering easily in the economy through the use of various roles for instance the parliament might decide to delimit up importation taxes aimed to defend the national economy, or it might create environmental protection laws aimed to protect the natural heritage of the country. This affects international business because when taxes keep varying and increasing especially there go out be an impact on the economy which in turn will affect the exchange rates and currency rate. According to surveys Australias economy continued to gather pace in March as world demand for commodities boosted the nations coffers. However due to recent uncertainty from the European debt crisis could lower expectations of economic growth in the future.