Implication of Overpopulation on Global Business

547 Words3 Pages
Lesson 1 Assignment Amish Ratna Sthapit BUS 550 International Business & Globalization Professor Raj Kumar December 9, 2014 Implication of Overpopulation on Global Business Now is the age of globalization. Country all across the world interconnected with each other through trade. They depend on each other for the resources and goods to keep their countries going. This has given rise to global business and has been very successful. The global business is booming in the current time and is at its peak. Industrialized countries import the resources from the mineral rich countries and make finished goods and then supply it to where it is needed. All this are governed by the simple market rule of supply and demand. But as it is a global trade it is susceptible to global forces and changes happening all across the world. One of the factors is the ‘Over Population’. Over Population is a fairly recent phenomenon. The population of human has increased in a massive rate in the recent years. If we look into the data in past it took humans 11000 years to reach 1 billion people, but just in recent 500 years or so the population has soared to 7 billion people and is still increasing at phenomenal pace. This is an extraordinary rate of increase and can be attributed to the current peaceful time and the development of modern medicine. But this has given rise to the fear of overpopulation. Overpopulation is when the surrounding resources is not able to sustain the population living in it. As we know we live in earth and it has finite amount of resources. But in the case of overpopulation the resources will not be able to provide for all the peoples living in it. This will create a shortage of supply of both raw material and finished goods. After a while even essential items will also be in shortage like food, clothing etc. In this scenario there is a big chance of
Open Document