Rebuilding of World Trade Center - Essay Example

Local small business owners will be happy because it will attract tourists. These tourists will play a significant role in increasing the sales of small business owners and therefore they will appreciate the plans for rebuilding World Trade Center.

Rich landowners will also benefit from the rebuilding of the World Trade Center because it will increase the property prices of the whole area. Especially land which is near the World Trade Center will become extremely valuable and therefore rich landowners will benefit from World Trade Center. Property prices of commercial areas in the region will also go up because many businesses will end up in the region. World Trade Center was a business hub which was why it was so famous and many businesses operated in the region. This makes the property extremely attractive from the commercial point of view and therefore rich landowners will benefit greatly from the rebuilding of the World Trade Center.

Labor unions will also be happy because the rebuilding of the World Trade Center will generate employment. The building of the World Trade Center will require services of all kinds of labor and therefore employment opportunities will be immense. Also after the rebuilding of the World Trade Center hiring will increase in the region which will again benefit the labor unions significantly. The current situation of employment in the country is not very good and therefore plans for the rebuilding of the World Trade Center will be taken with great joy by the labor unions of the region.

Former residents would also like the plans for the rebuilding of the World Trade Center because it will allow them to restart their operations. Former residents will also hope that they will get office space in the new World Trade Center at concessional rates. Also, a business needs to locate itself in a geographical location that benefits its business interests. Former residents had established their business in the World Trade Center and therefore would like to continue their operations from there again. Customers and suppliers would already know them from the past and therefore rebuilding the World Trade Center might benefit them in great ways.

It is vital to understand the microeconomic consequences of rebuilding the World Trade Center, particularly in the world we live in which is blotted by tough financial conditions. Rebuilding of World Trade Center will generate employment and therefore it will be appreciated by local small businesses, rich landowners, labor unions, and former residents of the World Trade Center that the Center is built again. Read More