Recent decades have witnessed tremendous achievements in the field of business, especially worldwide enterprises. While there can be no doubt that these firms can be beneficial to society in some ways. I am of the opinion that multinationals have brought more harm than good.
Although a multinational corporation often brings people more job opportunities as many new factories were built, it cannot be denied that it also makes them vulnerable to economic decline. The fact that local competing firms that are squeezed out of business is increasing because they weren' t able to compete with large multinationals that have superior equipment, as well as greater supplies. Indeed, some of these foreign corporations are national monopolies.
Another danger of worldwide enterprises' influence is how they affects cultures. While it creates sense of community that crossing international borders, it also creates a reduction in cultural identity. Therefore, in order to increase their revenues, some firms imposed their own way of life on other societies by the power of advertising and promotion. Furthermore, because these corporations are able to expand quickly to other countries, the conservation of limited natural resources is rather insignificant as they can immediately relocate to another area once the raw materials have run out.
In conclusion, society has become a " slightly less lovely" place regarding the adverse features of multinationals. While the influence of global businesses will continue to bring more jobs and uniting different people regardless of international boundaries, nonetheless, the damage that results from nation economic recession, cultural homogenization and its consequential impact on local natural resources will, I fear, likely to outweigh the benefits.
Recent decades have witnessed tremendous achievements in the field of business,
especially
worldwide enterprises.
While
there can be no doubt that these firms can be beneficial to society in
some
ways. I am of the opinion that
multinationals
have brought more harm than
good
.
Although a
multinational
corporation
often
brings
people
more job opportunities as
many
new factories
were built
, it cannot
be denied
that it
also
makes
them vulnerable to economic decline. The fact that local competing firms that
are squeezed
out of business is increasing
because
they
weren&
#039; t able to compete with large
multinationals
that have superior equipment,
as well
as greater supplies.
Indeed
,
some
of these foreign corporations are national monopolies.
Another
danger
of worldwide
enterprises&
#039; influence is how they
affects
cultures. While it creates sense of community that crossing international borders, it
also
creates a reduction in cultural identity.
Therefore
, in order to increase their revenues,
some
firms imposed their
own
way of life on other societies by the power of advertising and promotion.
Furthermore
,
because
these corporations are able to expand
quickly
to other countries, the conservation of limited natural resources is
rather
insignificant as they can immediately relocate to another area once the raw materials have run out.
In conclusion
, society has become a
"
;
slightly
less
lovely"
; place regarding the adverse features of
multinationals
. While the influence of global businesses will continue to bring more jobs and uniting
different
people
regardless of international boundaries, nonetheless, the damage that results from nation economic recession, cultural homogenization and its consequential impact on local natural resources will, I fear, likely to outweigh the benefits.