Contemporary Society in a Global World
Added on 2020-11-12
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CONTEMPORARYSOCIETY IN AGLOBAL WORLD
Table of ContentsINTRODUCTION...........................................................................................................................1TASK ..............................................................................................................................................1P1. Impact of migrants and remittance on host country.........................................................1P2. How technology facilitate international business.............................................................2P3. Impact of changes in political power over global trade...................................................2P4. Member of global society................................................................................................3P5. How social media influence the spread of global culture................................................3CONCLUSION................................................................................................................................4
INTRODUCTIONContemporary society refers to a process of creating and enhancing interconnectionbetween human beings by integrating technology, innovation and globalisation (Herbert, 2017).This project discuss about the positive as well as negative impact of migrant, technology, changein political power and social media over international businesses. TASK P1. Impact of migrants and remittance on host countryMigrants refers to the persons that move from their country of origin to different nation insearch of work or to improve living conditions (Chang, 2016). Migrants has an huge impact overthe growth of home country, as brain drain may reduce the skilled employees from country thatlimits the development opportunity of country (Lewis and Peri, 2015). But on the other hand italso have positive impact over the trade as migrants help in creating business networks and flowof FDI in country (Lee and Gereffi, 2015). This support toward economical development ofcountry of origin (Arango and Baldwin-Edwards, 2014). On the other hand remittance refers to the amount of money which migrants send to theirhome country. It contribute toward the economical growth of country by continuing the flow offund from host to home country (Dustmann, Schönberg and Stuhler, 2016).PROSEPECTIVE BIBLIOGRAPHYArango, J. and Baldwin-Edwards, M., 2014. Immigrants and the informal economy in SouthernEurope. Routledge.Dustmann, C., Schönberg, U. and Stuhler, J., 2016. The impact of immigration: Why do studiesreach such different results?. Journal of Economic Perspectives. 30(4). pp.31-56.Chang, G., 2016. Disposable domestics: Immigrant women workers in the global economy.Haymarket Books.Lewis, E. and Peri, G., 2015. Immigration and the Economy of Cities and Regions. In Handbookof regional and urban economics (Vol. 5, pp. 625-685). Elsevier.Herbert, D., 2017.Religion and civil society: Rethinking public religion in the contemporaryworld. Routledge.Lee, J. and Gereffi, G., 2015. Global value chains, rising power firms and economic and socialupgrading. Critical perspectives on international business. 11(3/4). pp.319-339.1
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