The general sentiment is that the growth of multicultural and international companies has more pros for the people. I believe this statement to be true. In this essay, I will explain as to why I feel that the positives far outweigh the negatives for the proliferation of multinational organisations and globalization.
Firstly, the cascading effect of the increase in the number of multinational companies is seen in developing countries. There is a huge growth in the economy of the region. This leads to an increase in the standard of living of the people. They are able to purchase quality and luxury products. For example, a country like India after the entry of multinational brands has grown leaps and bounds. Car manufacturers like Audi and BMW are seeing rising sales of their luxury line of cars.
Secondly, globalization produces more jobs for the youth of the country. It produces executives who are not only well versed with the culture of the region, but also with global trends and practices. They can perform the same tasks and responsibilities as their international counterparts. For example, I have many friends who had joined multinational companies and they are now heading teams in international countries and are very successful managers.
In conclusion, the increase in the number of multicultural business and worldwide development is more beneficial for the people as it improves the economy of the state and standard of living of its people. It also increases the job opportunities for the youth of the area. Hence, I support my view that the expansion of multinational companies and globalisation has more benefits
The general sentiment is that the growth of multicultural and international
companies
has more pros for the
people
. I believe this statement to be true. In this essay, I will
explain
as to why I feel that the positives far outweigh the negatives for the proliferation of
multinational
organisations
and globalization.
Firstly
, the cascading effect of the
increase
in the number of
multinational
companies
is
seen
in developing
countries
. There is a huge growth in the economy of the region. This leads to an
increase
in the standard of living of the
people
. They are able to
purchase
quality and luxury products.
For example
, a
country
like India after the entry of
multinational
brands has grown leaps and bounds. Car manufacturers like Audi and BMW are seeing rising sales of their luxury line of cars.
Secondly
, globalization produces more jobs for the youth of the
country
. It produces executives who are not
only
well versed with the culture of the region,
but
also
with global trends and practices. They can perform the same tasks and responsibilities as their international counterparts.
For example
, I have
many
friends who had
joined
multinational
companies and
they are
now
heading teams in international
countries
and are
very
successful managers.
In conclusion
, the
increase
in the number of multicultural business and worldwide development is more beneficial for the
people
as it
improves
the economy of the state and standard of living of its
people
. It
also
increases
the job opportunities for the youth of the area.
Hence
, I support my view that the expansion of
multinational
companies
and
globalisation
has more benefits