Multinational companies nowadays find it convenient both to market their goods all over the world and setup production facilities wherever they find cheap manpower and raw material. In my opinion this has had an adverse effect on our quality of life in three main areas.
The first area is their products. Supporters of globalization would argue that multinational companies make high- quality goods available to more people. While this may be true to some extent, it also means that we have less choice of products to consume. When powerful multinational companies invade local markets with their goods, they often are obliged local companies with fewer resources to go out of business. In consequence, we are obliged to buy multinational products whether we like them or not
This brings me to my second point. It is sometimes said that multinational companies and globalization are making societies more open. This may be true. However, I would point out that as a result the human race is losing its cultural diversity. If we consumed varied products, societies wherever we live would be more varied. This can be seen by the fact that we all shop in identical multinational supermarkets and buy identical products wherever we live
Thirdly, defenders of multinational companies often point out that they provide jobs. Although this is undoubtedly true, it also means that we have become more vulnerable on them, which in turn makes us more vulnerable to their decisions. When, for example, a multinational decides to move its production facilities to another country, this has an adverse effect on its workers who lose their jobs
All in all, I believe that if we as voters pressured our governments to make multinational companies more responsible and to protect local producers from outside competition, we could have the benefits of globalization without its disadvantages
Multinational
companies
nowadays find it convenient both to market their
goods
all over the world and setup production facilities wherever they find
cheap
manpower and raw material. In my opinion this has had an adverse effect on our quality of life in three main areas.
The
first
area is their
products
. Supporters of globalization would argue that
multinational
companies
make
high- quality
goods
available to more
people
. While this may be true to
some
extent, it
also
means that we have less choice of
products
to consume. When powerful
multinational
companies
invade local markets with their
goods
, they
often
are obliged
local
companies
with fewer resources to go out of business. In consequence, we
are obliged
to
buy
multinational
products
whether we like them or
not
This brings me to my second point. It is
sometimes
said that
multinational
companies
and globalization are making societies more open. This may be true.
However
, I would point out that
as a result
the human race is losing its cultural diversity. If we consumed varied
products
, societies wherever we
live
would be more varied. This can be
seen
by the fact that we all shop in identical
multinational
supermarkets and
buy
identical
products
wherever we
live
Thirdly
, defenders of
multinational
companies
often
point out that they provide jobs. Although this is
undoubtedly
true, it
also
means that we have become more vulnerable on them, which in turn
makes
us more vulnerable to their decisions. When,
for example
, a
multinational
decides to
move
its production facilities to another country, this has an adverse effect on its workers who lose their jobs
All in all, I believe that if we as voters pressured our
governments
to
make
multinational
companies
more responsible and to protect local producers from outside competition, we could have the benefits of globalization without its disadvantages