Australia Country Risks Essay
Australia Country Risks
The overall performance of Australia in world economic outlook is generally one of the most stable. Because of the well planned course of running the economy, the Australian government has been maintaining a good level of growth among the Asia Pacific countries. However, it is also important to see some of the risks involved if one wishes to invest in the Australian market. The first aspect in strategic planning is to identify the political risks. Apparently, the political risks in the country can only be identified in terms of effectiveness.
The implementation of different laws is at least better in Australia than any of its neighbors. In a general scale, it is one of the most stable political units in the world. Although some corruption incidences have been reported previously, there is still a very good control of the government to combat such problems (McKeever). The legal risks involved in Australia are also very minimal. Since the Australian laws are basically made of Federal Parliament directives, there are very little chances of having a biased law towards a particular party.
The laws are ratified by the three system political approval such as the executive, legislative and judicial segments. Basically, Australian Laws are for the common man which reduces the possibility of having extreme unwarranted consequences of biased judgments. Lastly, it is also important to note he regulatory risks in a particular country. In Australia, this risk is also very minimal because of the previous financial deregulation processes ratified in 1983 by making the Australian dollar float in the international foreign market (Wikipedia, 2007).
This served as the primary attractive factor for most investors who wish to get a deregulated instrument for investment. References McKeever. N. D. The McKEEVER Institute of Economic Policy Analysis. Retrieved December 2, 2007 from http://www. mkeever. com/australia. html. Wikipedia. 2007. Economy of Australia. Wikipedia-The Free Encyclopedia. Retrieved December 2, 2007 from http://en. wikipedia. org/wiki/Economy_of_Australia.