In this day and age, an increasing number of people are concerned about the development of foreign investment by international companies.
The main reason for this is that local business cannot compete with large international business and a viable solution is the government should promulgate rules to help improve the local economy.
The first major issue id the burden of high taxation makes it difficult for many small businesses to survive. For example, small company makes only 500 dollars per month but they have to pay 300 dollars taxes, and thus, they do not have enough money to pay their employees. In addition, local communities will lose their uniqueness as international companies are the same the world over; therefore, local countries is globalized, which cause local countries loose their culture and traditional. Another natable problem is local businesses cannot compete with large international business. International businesses has large investment sources and advantageous conditions, and consequently, they attract more consumers than local business. It not only decline the local economy but also cause rich become richer, poverty worsens in poor countries.
There are two effects solutions to the problem of investing by international companies in foreign contries. One effective measure to deal with international companies is for the government should subsidize local business such as decreasing tax and attracting workers. In addition, local people should find out new technique, then apply it in business to develop their work. Regularly cultivate knowledge, capture new economic trends of the world and apply it to local business's production. Moreover, big companies should work alongside local businesses to support the community, and also corporations should be granted further tax cuts.
In conclusion, while more and more international companies are investing and locating their businesses in foreign countries, which can have negative effects on not only the society but also the environment, measures and actions could be taken by both government and citizens to the problems.
In this day and age, an increasing number of
people
are concerned
about the development of foreign investment by
international
companies
.
The main reason for this is that
local
business
cannot compete with large
international
business
and a viable solution is the
government
should promulgate
rules
to
help
improve
the
local
economy.
The
first
major issue id the burden of high taxation
makes
it difficult for
many
small
businesses
to survive.
For example
,
small
company
makes
only
500 dollars per month
but
they
have to
pay 300 dollars taxes, and
thus
, they do not have
enough
money to pay their employees.
In addition
,
local
communities will lose their uniqueness as
international
companies
are the same the world over;
therefore
,
local
countries
is globalized
, which cause
local
countries
loose
their culture and traditional. Another
natable
problem is
local
businesses
cannot compete with large
international
business
.
International
businesses
has large investment sources and advantageous conditions, and
consequently
, they attract more consumers than
local
business
. It not
only
decline the
local
economy
but
also
cause rich become richer, poverty worsens in poor countries.
There are two effects solutions to the problem of investing by
international
companies
in foreign
contries
. One effective measure to deal with
international
companies
is for the
government
should subsidize
local
business
such as decreasing tax and attracting workers.
In addition
,
local
people
should find out new technique, then apply it in
business
to develop their work.
Regularly
cultivate knowledge, capture new economic trends of the world and apply it to
local
business's production.
Moreover
,
big
companies
should work alongside
local
businesses
to support the community, and
also
corporations should
be granted
further
tax
cuts
.
In conclusion
, while more and more
international
companies
are investing and locating their
businesses
in foreign countries, which can have
negative
effects on not
only
the society
but
also
the environment, measures and actions could
be taken
by both
government
and citizens to the problems.