IT is undoubtedly true that this is the era of industrial revolution. there is ongoing debate regarding foreign companies A group of individuals believe that It should be welcomed by middle economy countries. however others are of the view that inhabitants business should be secured and supported both the view are discussed further before giving my opinionExaming the former view the foremost argument put forward by the opponents is that foriegn companies pay high taxes to authority which can used to develop more facilities in developing countries. Moreover, due to international industry there will be increasing number of job opportunities which lead to stop growing number of unemployment. apart from this, there can be proble chances that this industry produce better qualities of goods that were earlier imported from other countries by paying high import duties if quality products are available in country it can higher the standard of living of developing countries due to cheaper pricesOn the contrary, those in favour of the later opinion have their arguments. to begin with they claim that government should support the local company because by foreign companies local workers will join them for better future prospects which can be reason for less talent and skill worker in local business. Besides this, this local inhabitants can not develope high business skill and they do not take risk to establish there own businessTo conclude and give my opinion I would support the first view this is beacuse this have long benifits in future for less developing countries
IT is
undoubtedly
true that this is the era of industrial revolution.
there
is ongoing debate regarding foreign
companies
A group of individuals
believe
that It should
be welcomed
by middle economy
countries
.
however
others are of the
view
that inhabitants business should
be secured
and supported both the
view
are discussed
further
before
giving my
opinionExaming
the former
view
the foremost argument put forward by the opponents is that
foriegn
companies
pay high taxes to authority which can
used
to develop more facilities in developing
countries
.
Moreover
, due to international industry there will be increasing number of job opportunities which lead to
stop
growing number of unemployment.
apart
from this, there can be
proble
chances that this industry produce better qualities of
goods
that were earlier imported from other
countries
by paying high import duties if quality products are available in
country
it can higher the standard of living of developing
countries
due to cheaper
pricesOn
the contrary, those in
favour
of the later opinion have their arguments.
to
begin
with they claim that
government
should support the
local
company
because
by foreign
companies
local
workers will
join
them for better future prospects which can be reason for less talent and
skill
worker in
local
business.
Besides
this, this
local
inhabitants can not
develope
high business
skill and
they do not take
risk to establish
there
own
businessTo
conclude and give my opinion I would support the
first
view
this is
beacuse
this have
long
benifits
in future for less developing
countries