Individual assignment Essay Example | Topics and Well Written Essays - 2000 words

Individual assignment - turn up ExampleIn the next section, these two articles will be discussed briefly and after that, implication of the cognitive content of these two articles will be analyzed. Question 1 Article 1 Failure on hit man could hit gross domestic product by $14bn Tasker (2013) describe that Australian regimen is developing new vaunt supplies in New South Wales (NSW) but failure of this development would not only affect the wholesale value index of market in the outlandish but also cause reduction in piggish Domestic Product (GDP) by more than $14 billion in next 22 years. Although, Australian Petroleum Production and Exploration Association (APPEA) states that the country has significant tally of scope to develop its shooter and petroleum reserve in the east coast but there is argument that development of coal-seam go down on would negatively affect the economic growth of the country. Tasker (2013) reported that at present, NSW imports bodge from other st ates and developing burn out would definitely reduce muff price in the state. There are three pertinent issues in this case such as 1- developing CSG assets in NSW would increase resource capability of Australian government and that would decrease wholesale price index and volatility of economy in the country (Tasker, 2013). developing gas reserves in NSW would help the Australian government to create jobs in the area between Newcastle, Sydney and Wollongong. 2- Developing CSG assets in NSW would be matter of great interest for local anesthetic oil companies in Australia. As of now, 95% of gas resources are being imported by NSW and local companies need to pay heavy amount of tax to use the imports but development of gas resources in NSW would probably increase resource accessibility of local Australian oil companies and due to availability of gas, gas export driven revenue for local oil companies would shot up (Tasker, 2013). 3- Developing gas sector would probably increase nat ional scrap of Australia and provide opportunity to multinational oil companies to enter the gas market in NSW. However, developing gas and oil sector in NSW could decrease command of international companies over Australian companies regarding the grant of gas and crude oil. Its expected that Australian companies would go for low cost local gas supply rather than importing it from International players and such change in supply-demand equation would decrease bargaining major power of international oil companies (Tasker, 2013). Article 2 Australian business organizationes must grab Indonesian opportunity Durie (2013) reported that Australian government is hard to increase business transactions with Indonesia and it is quite evident from the visit of Australian Prime Minister to Indonesia in order to strengthen the business, economic and political tie-ups. At present, Indonesia is the fourth largest country in terms of population in the world and the country can be the potential door for Australian companies to enter business environment ASEAN countries. Australian government is also taking help of the leadership companies such as Leighton, ANZ and Coca Cola to decide the business and trade policies that could increase ease of doing business in Indonesia. Three implications of this article can be briefed in the following manner. 1- Australian government is trying to boost up its economy and GDP growth by increasing trade transactions with Indonesia (having GDP growth over 6%) and also trying to achieve the first mover advantage for