• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

To what extent will the unprecedented global demographic changes impact negatively on business in the next 25 years?

Extracts from this document...

Introduction

´╗┐To what extent will the unprecedented global demographic changes impact negatively on business in the next 25 years? Introduction The world is in the midst of a major demographic transition. Not only is the population growing, but also the age structure of the population is changing. In addition, migrants play a more and more important role in local societies. These demographic changes will prove to be a key factor in the development of societies and also make a considerable impact on modern business in foreseeable future (Poston and Bouvier, 2010). However, there are many arguments concerning that these changes are also threats to business in the future. This essay will attempt to demonstrate that global demographic changes have a negative effect on business, and also, it will show that some more negative impact might occur in the future. In this essay, the global demographic changes mainly include population growth, international migration and population aging (also known as demographic aging). ...read more.

Middle

In addition, without a strong purchasing power, business could hardly entre a rapid development. On another hand, population decline which has occurred in some developed countries might lead to a lack of labor force. This phenomenon would also affect business negatively in the future. 2.2 Population aging Population aging (also known as demographic aging) is expected to be one of the most considerable global demographic trends in the 21st century. Leonid A. Gavrilov and Patrick Heuveline defined population aging as: ?A summary term for shifts in the age distribution (i.e., age structure) of a population toward older ages. It occurs when the median age of a country or region rises due to rising life expectancy and/or declining birth rates.? We have noticed that population aging has already occurred in many industrialized regions with different degree. For the world as a whole, the elderly will grow from 6.9% of the population in 2000 to a projected 19.3% in 2050 (Table 1). ...read more.

Conclusion

According to the data provided by Moretti and Enrico (2004), immigration had small negative effect on the average wages of destination countries, with 0.7% in the USA and 0.8% in UK. However, employing foreign workers would increase the cost of training to local firms, such as the training about language and new enterprise Culture. From the above information, we could see that immigrants are not always beneficial to native corporations. Furthermore, some other negative impact of migrant on local business might occur in the future. For example, people have to spend more time and money on coordinating social relations because of cultural shock. 3.0 Conclusion In conclusion, this essay has investigated that the global demographic changes which include population growth, demographic aging and international migration, would influence negatively in terms of business development. Generally speaking, these changes may lead to higher labor costs which should not be ignored by enterprises. Global demographic changes are not only demographic problems but also economic issues. Accompany with economic globalization, enterprises should assess the new trends in the near future, and search for an appropriate response. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Sociology section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Sociology essays

  1. In what ways does education effect social changes between one generation and the next?

    If you did not fit this stero typical module you were not given the chance to excel or indeed experience higher education. With little education you were restricted and limited as regards to what social class you belonged to. During this period there was only two universities in England ( Oxford and Cambridge)

  2. The next stage

    I was very upset when I heard it. Am I dumber than others so I better go to physical education school? Since that time I hated school and the confusion I had to endure. There is an old phrase from China: "how you act at age three determine what you will be at age eighty."

  1. Illegal Immigration

    If this is to be the case twenty five years from now what do u think will happen to future generations of Bahamians. Significance of immigration Problem in New Providence There is virtually a national consensus that illegal immigration is a problem and in The Bahamas there is no exception.

  2. Does Boxing have a future?

    modern day is directly reflected on the status of the sport form in contemporary society. The middle classes (notably Figg and Broughton) elimination of pugilism during this era of time moulded the way by which gentlemen fought. A rejuvenated and more socially tolerable form of the sport was required if

  1. The ancient civilizations of Central and South America

    It covers an area of thirteen square kilometers in total. It mainly consists of one story houses that are a perfect model of architecture. The clay bricks that were used were all the same uniform size, and that shows great architectural minds.

  2. Assess the Impact of the Development of the Railways On Victorian Society and the ...

    This together with the enormous demand encouraged a massive expansion program that substantially increased output. Other existing industries benefited from the speed of the railways as goods could be moved to the ports quicker. This, together with the benefits of free trade and the advancement of steam-powered merchant shipping after

  1. To what extent did life improve between 1949 and the early 1960s in Communist ...

    This was only a small loss for the small amount that did speak out, and the lack of free speech probably wasn't that much different to before this law or 1949. In 1960 the governing of China fell to a group of more moderate leaders.

  2. Throughout the twentieth century, there have been many changes made to the structure of ...

    ensuring that working class students will be less likely to understand and be understood. This disadvantages working class students, and by creating educational success and failure, legitimises the position of both those at the bottom and top. Basil Bernstein pointed the different speech codes used by the middle and working

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work