Part of The Student Room Group

  • 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

or


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

    Thomas Cook started his business in 1841 offering special railway excursions to seaside towns and places of interest. He made his profit by taking a percentage of all the tickets he sold. Gradually he increased his business to include booking hotel accommodation, organizing complete holiday packages and eventually extending this to overseas travel.

  1. 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."

  2. Illegal Immigration

    Also as we found in our survey is that lower class people are most likely to migrate to the Bahamas in search of a better standard of living. Therefore, most illegal immigrants are from poverty stricken home and sometimes bring their personal problems with them to school, which makes them most likely to be violent than other students at school.

  1. Does Boxing have a future?

    in the ring and the pit paralleled the bloodlines of society at the time." The sport at that time was a mixture of wrestling and boxing and anything went. Anything! An Oxfordshire born Englishman has been credited with the popular rebirth of boxing.

  2. 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.

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

    There are some changes that affected everyone, businessmen and landlords included, and they are mention in a paragraph below. Before 1949 in KMT areas these people had been rich and powerful, now after many communist campaigns they were poor and discriminated against.

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

    that generates educational inequality, and that equality is impossible in a class-based society. Pierre Bourdieu, a structural Marxist, argues that the role of the education system is to reinforce class differences. This is achieved by promoting the 'dominant culture� of the ruling classes in the classroom though use of language,

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