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With the spread of the internet helping feed globalization around the world it is only a matter of time before the entire planet becomes a melting pot, much in the same way the United States was at its birth. This ties really closely with an article I read today from io9 that points out some interesting data from the U.S. Council of Economic Advisors regarding demographic data for Gen X and Millennials. In the article Newitz (2014) points out how there has been a large shift in demographics between 1980 and 2012 with a much smaller percentage of 14-34 year olds identifying as white, showing a 20% drop between now and then. It is also interesting to note how this shows a drop, as she points out, from white people being "the norm...they're just part of the mix" (para 3). Information like this helps to point out how the world just seems to get smaller all the time with people now being more likely to have interactions with other cultures than before. People becoming more accustomed to other cultures and learning more about them it makes it more likely that they will adopt bits and pieces of each other's cultures. While this is obviously a slow process over generations it starts to get to the point that new cultures begin to emerge that have bits and pieces of the adopted cultures.
Globalization is the norm for the world in the 21st century, and businesses are adapting to this reality as well as nations. ...
This response discusses multiculturalism within the 21st century.
Global Finance Environment
Prepare a 1,050-1,750-word paper in which you analyze the drivers and consequences of globalization. In your paper be sure to address the following:
a. Analyze at least three drivers of globalization and how these drivers impact your organization or one that you are familiar with financially.
b. Describe the risks associated with global investing.
c. Explain the importance of cultural sensitivity and ethics in global finance. Please write this paper about Caterpillar Inc.View Full Posting Details