Comparing the Economic Power of India and Australia

It is beneficial to study the economics of every county. Macroeconomics studies the entire economy (Boyes & Melvin, 2012) and gains insight into the economic performance of every country. When analyzing the overall well-being of countries such as Australia and India, you can use economic indicators such as Gross Domestic Product (GDP), GDP per capita, military expenditure, population growth rate. Information from economic indicators can also be used to compare specific interest areas between countries.

The role of Australia as a member of the United Nations Australia was one of the top 51 countries that became members of the United Nations in 1945. Compared with countries such as China and the United States, Australia is not a big country in the world. The accession of the United States to the United States makes it possible for Australia to express its view on the international situation and play a role in promoting the stability of the world. United Nations member countries also support Australia to protect its economic and security interests (further discussed in module 13.3)

232 Oxford's Big Idea Economics and Commercial Citizenship and Citizenship Victorian Course of 9 and 10 233 Chapter 13 International Legal Obligations in Australia

As the history of Britain has proven, economic power can only be as strong as its ability to protect its own interests. How does England become the most powerful country in the world in Canada, Australia, India and Southeast Asia? The British navy dominated the waves. British troops are advantageous to the Navy and I do not mind having an influence on foreigners through conquest and infrastructure. Therefore, thanks to the rule of Dardanellus and the Bosphorus, the Greeks could get the wheat of Ukraine in classical times, the Venetian, the Genoese, the Dutch, the Portuguese and the English

Historically, Australia has relations with the UK in terms of economic, cultural and social significance. Australia was established as a British colony in the 18th century Australia is an independent sovereign state, but the Queen of England is still the leader of Australia today. The main reason why Australia's economic power has increased is the influence of the UK economy and industry. The Australian government is a democratic system led by the elected Prime Minister. An interesting aspect of the history of Australia is that the primary purpose as a colony is to provide a "prison" far from the popular British. From the 18th century to the 19th century British criminals, trade unionists, and political rebels of Ireland were forcibly repatriated to Australia. The ancestral offense of Australian society is the main responsibility to succeed as economy.