The globalization of Australian business has progressed significantly in recent years as the global economy has grown. Among the main driving factors of globalization are technological advancements that have enabled the expansion of the Australian market as well as the conclusion of free trade agreements with different nations. The benefits of free trade agreements within the Australian economy include higher quality products for Australian consumers and the lower cost of exports for Australian business sectors. However, the changes in Australian businesses have also had serious consequences, such as a rise in Australia's unemployment rate. The various factors and consequences associated with the globalization of Australian businesses have continued to enable them to advance with the modern economy. Technological advancements have continued to expand Australia's consumer market globally and remain one of the fundamental drivers of globalization. Since the 1990s, the development of computer software and telecommunications has increased the amount of information and resources readily available to people and businesses in need. The introduction of computer software into society, particularly the World Wide Web, enabled instant communication and revolutionized people's social lives and the modern economy. The increased level of knowledge and communication has given Australian businesses the opportunity to further expand their businesses and use technological advances to provide their services and goods to a wider consumer market. For example, recent statistics from the NAB Online Retail Sale Index revealed that Australians spend almost $15 billion...... middle of paper ...... it is clear that the globalization of Australian businesses has created positive contributions to the Australian economy, but also associated negative consequences. Technological advancements and the establishment of free trade within Australian businesses have continued to enable the growth of Australia's economy and foreign relations. In addition, the development of the free trade agreement has also led to an improvement in the quality and price of foreign and local products in Australian businesses. Unfortunately, the success of globalization has had negative consequences within society, such as high unemployment rates among the Australian population. If Australian businesses are to continue to grow and have confidence in their future success, it is crucial that all current issues are resolved so that Australian business remains strong...