The globalization of Australian business has progressed significantly in recent years as the global economy has progressed. Some of the most important drivers of globalization include technological advancements that have enabled the expansion of the Australian market along with the creation of free trade agreements with several nations. The benefits of free trade agreements within the Australian economy include higher quality products for Australian consumers and the low cost of exports for Australian business areas. However, the changes brought to Australian businesses have also created serious consequences, such as the increase in Australia's unemployment rate. The various factors and consequences associated with the globalization of Australian businesses have continued to enable them to progress and advance with the modern economy. Technological advances have continued to expand the Australian consumer market globally and remain a key driver of globalisation. Since the 1990s, the development of computer and telecommunications software has increased the amount of information and resources readily available to struggling people and businesses. The introduction of software into society, especially the World Wide Web, has enabled instant communication and revolutionized people's social lives and the modern economy. The increased level of knowledge and communication has provided Australian businesses with the opportunity to further develop 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 found 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 the negative consequences associated with it. Technological advances and institutions or free trade within Australian businesses have continued to enable growth in Australia's economy and foreign relations. Furthermore, the development of the free trade agreement has also seen an improvement in the quality and price of foreign and local products in Australian businesses. Unfortunately, the success of globalization has been the cause of negative consequences within society, such as a high rate of unemployment among the Australian public. If Australian businesses wish to continue to expand and have confidence in their future success, it is vital that all current issues are resolved so that Australian business conditions remain strong.