Multinationalization has significantly increased the fiscal strength of many developing countries. At the same time, the world has witnesses a considerable increased in worldwide demand for natural resources that are necessary for these countries to continue to prosper. As a middle class has emerged in these nations, more and more consulmers are purchasing luxury items and other consumer goods that were once only sold in developed countries.
More than likely, you have already seen the effects of increased global demand for natural resources in the form of products that are more expensive and services. Simply consider how your disposable income and purchase behavior has been altered by rising oil prices that have been influenced by increased global demand in China and India. Yet, oil is just one item among many on the list of natural resources that are experiencing increased global demand.
According to Russian Translation workers in the field of economics, the increased cost of natural resources has had an especially dangerous effect on developing economies. With elevated prices of petroleum, the world has experienced an immediate increase in the cost of utilities and other costs that are directly passed along to consumers to absorb. Due to the high price of energy, more demand is present for alternative energy sources. Consequently, farmers have transitioned from growing wheat to developing plants that can be used in the production of ethanol and other bio-fuels. Since farmers have reduced the number of crops available for food consumption, developing nations have experienced rising prices and food limitations. According to Baltimore Translation executives that have been contracted by the Global Bank, the world is “at this moment sitting at the border of tragedy.” The problem is of such a magnitude that officials from the largest governments in the world are collectively trying to find solutions, an endeavor that will call for extensive language translation undertakings.
To compound the world food crisis, the ocean’s ever-decreasing fish stock is also in jeopardy. Based on research that was partially conducted by San Jose translation services workers at the U.N., of all the world’s natural resources, fish are depleted the most rapidly. If overlooked, this situation will cause severe results. This is because many third world nations count on seafood as a fundamental source of amino acids, and it is believed that by 2030 we shall only be able to meet the food requirements of fifty percent of the earth’s populace. At present, stratigies developed to address these problems have failed.