Nowadays, private organizations are helping countries in developing and increasing their financial economy by providing employment and opportunities to the local people. Subsequently, the foreign company should be welcomed but the governments need to stay close to the local businesses, too.
To begin with, foreign organizations bring numerous advantages if they open branches and offices or factories in any country. Firstly, new jobs will be formed for citizens; undeniable, they come with better salary and promotion opportunities. Furthermore, working in such a place requires special skills which help you develop yourself. Secondly, these multinational companies will boost the economy as the government collects a hefty amount of different taxes from these industries. Moreover, these corporations most likely produce high-quality goods such as daily, technology and food products which uplift people’s daily life and their living condition by diversifying the market which may benefit the consumer due to the cheaper prices.
However, foreign industries can impact the local companies because the workers in local businesses may leave their current jobs to join the foreign companies due to better working space and higher salaries. As a result, there would be significant decreases in productivity and profit margins because there are talented differences. Indeed, the government should come forward to support own local businesses by reducing taxes, having a price support scheme, so that these savings can be paid to employees as bonuses or perks. Therefore, administrations should promote local markets for the betterment of a nation.
To sum up, there are some undeniable benefits brought in by foreign companies but they can harm the local industries if governments allow multinational corporations to establish their branches and offices
Nowadays, private organizations are helping countries in developing and increasing their financial economy by providing employment and opportunities to the
local
people
.
Subsequently
, the
foreign
company
should
be welcomed
but
the
governments
need to stay close to the
local
businesses, too.
To
begin
with,
foreign
organizations bring numerous advantages if they open branches and offices or factories in any country.
Firstly
, new jobs will
be formed
for citizens; undeniable, they
come
with better salary and promotion opportunities.
Furthermore
, working in such a place requires special
skills
which
help
you develop yourself.
Secondly
, these multinational
companies
will boost the economy as the
government
collects a hefty amount of
different
taxes from these industries.
Moreover
, these corporations most likely produce high-quality
goods
such as daily, technology and food products which uplift
people
’s daily life and their living condition by diversifying the market which may benefit the consumer due to the cheaper prices.
However
,
foreign
industries can impact the
local
companies
because
the workers in
local
businesses may
leave
their
current
jobs to
join
the
foreign
companies
due to better working space and higher salaries.
As a result
, there would be significant decreases in productivity and profit margins
because
there
are talented
differences.
Indeed
, the
government
should
come
forward to support
own
local
businesses by reducing taxes, having a price support scheme,
so
that these savings can
be paid
to employees as bonuses or perks.
Therefore
, administrations should promote
local
markets for the betterment of a nation.
To sum up, there are
some
undeniable benefits brought in by
foreign
companies
but
they can harm the
local
industries if
governments
allow
multinational corporations to establish their branches and offices