We are living in the era of globalization. The entire world has turned in to a ‘global village’. The attenuation of barriers on trade and other economic activities has made it feasible for the multinational companies to move around freely in different nooks and corners of the world. A popular stratum of society deems that this is a positive development as one and all are getting benefited out of it. However, I tend inclined to think in the opposite direction. I think it is not bringing dividends to all and sundry. I would like to explicate it at length in the paragraphs to come.
My major argument relates to their products. Supporters of globalization argue that multinational companies produce high quality products. This may be true to some extent, however, it also means that people have less choice of products to buy. What is more, these products are generally expensive which means an extra financial burden on the pocket of the common man. Hence, these products are not in everyone’ reach.
Moreover, MNCs and globalization are making societies more open which is good in a way but this also means that as a result the human race is losing its cultural identity. Furthermore, advocates of multinational companies often point out that they provide employment. This is undoubtedly true, it also indicates that we have become more dependent on them which means when a multinational company decides to move to another country, this has an adverse effect on its workers who lose their jobs.
After the overall analysis, it can be concluded that apparently multinational companies do have their benefits, but they also have their drawbacks and not everyone is benefited by them.
We are living in the era of globalization. The entire world has turned in to a ‘global village’. The attenuation of barriers on trade and other economic activities has made it feasible for the
multinational
companies
to
move
around
freely
in
different
nooks and corners of the world. A popular stratum of society deems that this is a
positive
development as one and all are getting benefited out of it.
However
, I tend inclined to
think
in the opposite direction. I
think
it is not bringing dividends to all and sundry. I would like to explicate it at length in the paragraphs to
come
.
My major argument relates to their
products
. Supporters of globalization argue that
multinational
companies
produce high quality
products
. This may be true to
some
extent,
however
, it
also
means
that
people
have less choice of
products
to
buy
.
What is more
, these
products
are
generally
expensive which
means
an extra financial burden on the pocket of the common
man
.
Hence
, these
products
are not in everyone’ reach.
Moreover
,
MNCs
and globalization are making societies more open which is
good
in a way
but
this
also
means
that
as a result
the human race is losing its cultural identity.
Furthermore
, advocates of
multinational
companies
often
point out that they provide employment. This is
undoubtedly
true, it
also
indicates that we have become more dependent on them which
means
when a
multinational
company
decides to
move
to another country, this has an adverse effect on its workers who lose their jobs.
After the
overall
analysis, it can
be concluded
that
apparently
multinational
companies
do have their benefits,
but
they
also
have their drawbacks and not everyone
is benefited
by them.