Asia Pacific Business

Australia is a large island continent that is located on the south-east of Asia. Covering a total area of 7,617,930 km2 (Australia G., 2012) with a population of 22,876,023 individuals as per the 2012 estimate (Australia), it happens to be very large country with a relatively small population. Australia is one of the most urbanized countries in the world. Since vast tracts of the country are not only uninhabited but also uninhabitable, there is a lack of a domestic market. Hence, there is a need for Australian businesses to look for international markets in order to ensure their future prosperity.

Currently, Australia has the world's thirteenth largest economy and the fifth highest GDP per capita of $66,984 as of 2011 (Fund, 2012). The Australian Securities Exchange is now, the ninth largest stock exchange in the world (On the International Realignment of Exchanges and Related Trends in Self-Regulation,...
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