How does the geography of Australia impact the economy?

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14-05-2020
Social Studies

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How does the geography of Australia impact the economy?

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SunnyGirl23 SunnyGirl23 · Answer 1 · 2020-05-14T22:19:08+02:00

Answer:

Due to its sheer size and presence of national resources, you would think Australia would be immune from challenges that a smaller, more isolated country would face. But the world today is a far different place: it is more interconnected and business is conducted across borders and oceans. Still, wouldn't Australia offer more benefits than challenges?

Australia is about 2000 miles away from the bulk of Asia. It's a long haul, but it's the closest continent to Australia. As such, the Asia-Pacific region has great influence over Australia's business climate. The Asia-Pacific region is also one of the largest producer of goods and services. With Australia 'close,' in relative terms, Australia is part of the family when it comes to Asia-Pacific industry and trade.

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