The California and Global Economy

Running Head : California and the Global Economy

California and the Global Economy

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Abstract

Long ago , doing business in California was very costly . Finding a house to live in , cost of energy , quality of life , and other factors showed discouraging figures . However , with the assumption of Arnold Schwarzenegger as Governor of California changed the outlook of venturing in business in California

This will present the pros and cons of doing business in California as well as the state of major industries such as aerospace

br agriculture , and entertainment

California and the Global Economy

California in Focus

California is a state dominated by mountainous regions . It is the third largest state in the United States and includes Los Angeles , which is its largest city . The inhabitants of California derive its income from agriculture and mining (Rolle Miller , 2008

Despite its sheer size , California is home to the Death Valley , the lowest region in the US , and Mount Whitney , the country 's tallest mountain away from Alaska . Among its greatest attractions are varied national parks and forests as well as its wide array of sequoias (Rolle Miller , 2008

The name California initially referred to the area where Juan Rodriguez Cabrillo 's expedition arrived from Mexico in 1542 . It is also known by the name Golden State , which may be attributed to the Gold Rush , which was one of the major influences in California becoming the 31st state of the United States in 1850 (Rolle Miller , 2008

The Business Picture

The first few years of the 21st century was without doubt very challenging for the economy of California . An increasing income can pose a lot of problems or at the very least has the capability to lessen the possible burden that the problems can bring . In the case of California its relatively high income barely had an effect in the economy of the United States

The assumption of Arnold Schwarzenegger as governor of California started the change of fortune towards the viability of business in the Golden State . In his first sixteen months , the Schwarzenegger administration targeted the legislative and regulatory measures that caused most California businesses to transfer their venture somewhere else (King , 2005

When planning to do business in California , one would be discouraged by the fact that this state is not one of the best places to conduct a venture . In a 2005 survey conducted by Pollina Corporate Real Estate Inc . which is based in Chicago , California is not ranked among the 25 leading business friendly states (King , 2005

The findings of Pollina were seconded by other studies conducted by other firms . The results of these surveys yielded a drop in businesses operating in California from 1998 to 2004 . Because of increased business taxes , companies like Boeing Co , which has 36 ,000 employees in California , expanded their business in other states . This example was emulated by the company 's Boeing Delta IV Rocket Program warehouse which chose to do business in Alabama rather than California to avoid...