It is a popular opinion that the economy of the nations that are developing can be improved by permitting international companies to function their offices. On the other hand, others have a contrasting opinion, requesting the government to close these offices and aid their regional companies to develop. This essay would discuss few points which agree and few points which disagree to this statement.
To begin with, multinational companies play a key role in the survival of the developing country’s economy. For example, according to research, the shampoo company l’oreal, has increased India’s economy by 30% in the recent years. Along with that, it has also increased the employment capacity of many Indians. This is a huge benefit for a developing country like India.
On the flip side, there are few people who believe that the introduction of these companies would take over their small companies, resulting in people losing their jobs. For example, India is known for their authentic kolapuri slippers which are made by rural people. This crowd does not have any knowledge about other professions. The introduction of foreign company slippers will destroy the sale of these regional slippers. Hence, these local people will end up being unemployed and the footwear which represents the Indian culture, will be forgotten. This can be rectified by asking the government to promote the regional products rather than closing the foreign offices.
Having analysed the above statements, it is sufficed to say that both these companies can survive alongside each other if the government takes the proper initiatives to promote the local companies instead of shutting the international offices.
It is a popular opinion that the economy of the nations that are developing can be
improved
by permitting international
companies
to function their offices. On the
other
hand, others have a contrasting opinion, requesting the
government
to close these offices and aid their regional
companies
to develop. This essay would discuss few points which
agree
and few points which disagree to this statement.
To
begin
with, multinational
companies
play a key role in the survival of the
developing country
’s economy.
For example
, according to research, the shampoo
company
l’oreal
, has increased India’s economy by 30% in the recent years. Along with that, it has
also
increased the employment capacity of
many
Indians. This is a huge benefit for a
developing country
like India.
On the flip side, there are few
people
who believe that the introduction of these
companies
would take over their
small
companies
, resulting in
people
losing their jobs.
For example
, India
is known
for their authentic
kolapuri
slippers which
are made
by rural
people
. This crowd does not have any knowledge about
other
professions. The introduction of foreign
company
slippers will
destroy
the sale of these regional slippers.
Hence
, these local
people
will
end
up
being unemployed
and the footwear which represents the Indian culture, will
be forgotten
. This can
be rectified
by asking the
government
to promote the regional products
rather
than closing the foreign offices.
Having
analysed
the above statements, it
is sufficed
to say that both these
companies
can survive alongside each
other
if the
government
takes the proper initiatives to promote the local
companies
instead
of shutting the international offices.