Australia: New Links to Asia
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Australia: New Links to Asia
Industry plays a significant role in the development of Australia, the increased urbanization process and the advancement of its economy. The shift in trade from Europe to Asia is evidently responsible for dramatic changes in Australia even as the country becomes a destination of Asians too other than Europeans alone. Australia majorly trades in natural resources and that in return establishes the country’s financial status, telecommunication networks, and information services. The country hosts large mineral deposits and still has the capacity for agricultural production and majorly the cotton for the cotton wool.
The shift of trade from Europe to Asia links to the rising number of the Asian population in Australia, which on another hand transfers the Asian economic crisis to the Australia. The country has massive development with the ability to advance the living standards of its growing population. As one of the world’s most urbanized state, a higher number of Australians lives in urban areas presenting a bright reflection on the advancement and sustainability of its economy as the towns developed into hubs of economic activity with higher employment opportunities. The geographic content the video covers is the major urban are of Sydney with the part of the video that captures attention being the higher concentration of the population in urban centers.
It is interesting that the country’s economy can sustain a wholly urbanized population with job openings increasing and concentrating within towns. The increasing urban population is because of growing prospects created by the dynamic economy of the Asia Pacific region. It is most interesting that a country that used to be British dominated and with policies, not favoring immigration would turn to rely on Asia for its economic development. As Asian immigrants become a core component of the Australian economy, its economic transformation, therefore, shifts to Asia that provides both labor and overseas market for its sectors.