Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You have highlighted the double-edged sword of fast paced urbanization in that with growth comes both positives and negatives in overall quality of living. With

You have highlighted the double-edged sword of fast paced urbanization in that with growth comes both positives and negatives in overall quality of living. With increased job opportunities comes an increase in housing, infrastructure, and politics. It seems to me that Toronto's substantial growth is one of corporate globalization. The reach and abilities that multinational firms had/have to relocate to smaller and lower labour cost regions can quickly increase the population, or devastate one. For example, West Point, Georgia was on the brink of "extinction" due to the struggling textiles industry. Talks arose of Korean vehicle manufacturer "KIA" wanting to locate to the West, and the governor at the time made an offer so generous that KIA could not refuse, creating upwards of 10,500 jobs (Grillo, 2019). This real-life visual exemplifies how corporate globalization can revive and stimulate growth. Do you think that Toronto's growth is heavily dependent on corporate globalization

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Micromotives And Macrobehavior

Authors: Thomas Schelling

1st Edition

0393329461, 9780393329469

More Books

Students also viewed these Economics questions