Question

In: Accounting

Discuss the impact of globalization on your community. Your community may be a small town or...

Discuss the impact of globalization on your community. Your community may be a small town or a large city, or a county if you live in a rural area. Components to consider for coverage of your topic include:

population/demographic trends

immigration history

growth in minority and foreign owned companies

foreign investment

import and export data

job losses from companies or manufacturing moving overseas

changes to the local culture (ethnic restaurants and groceries, school district impact such as growth in ESL services, new religious institutions, etc.)

This is the assignment to be 6-8 pages long.

I am in upstate NY and need to do the entire papaer on a local county based on the criteria above.

I am not sure where to look for these right information

Solutions

Expert Solution

Impact of globalization:

The impact of globalization on the community in upstate New York has been immense. Globalization has allowed organizations and business community of different countries to mix with the culture of different countries. Prior to implementation of globalization it was not possible for companies and entities from other parts of the world to conduct business operations in the country. Thus, globalization has made it possible for the business organizations to expand their operations in different parts of the world.

Considering the desire for organizations across the globe to utilize the immense opportunity that our country, United States of America provides the companies and entities have used the opportunity to good effect. Thus, the society and community in the country including in NY have been immensely benefitted with huge amount of capital inflow and business organizations. The globalization has specifically benefitted the community in the following ways:

  1. Huge increase in the number of companies and organizations operating in this part of the world.
  2. The free and fair market.
  3. Increase amount of competition amongst the competitors in the market.
  4. Huge power to the buyers in the market.
  5. Demand and supply rules the market.
  6. Increase amount of opportunity for the workers to work.
  7. Creations of jobs.
  8. Quality of products and services have increased immensely.
  9. Increase amount of investment.
  10. Inflow of foreign investment.

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