Some argue that operations of huge multinational corporations boost economy which the countries that are still developing would most benefit from it whereas others believe existence of these kinds of corporations overall has a negative effect. I believe, these gigantic companies would have a great contribution to the economic development of a country.
On the one hand, some people think enormous corporations contribute to economy a lot. Such as, if one of the branches of multinational corporations is operating in one country hands down that pays a huge amount of taxes. Besides it, town folks can get benefit from it by holding various positions in such large holdings as company pays big salary, and offers paid leaves, maternity leaves and so on. From my point of view, that’s really true as long as the government is intended to provide huge influx of money to the budget and create new workplaces for the people. So, that will help to improve the economy.
On the other hand, some still state that bringing the activities of those corporations might have disastrous consequences. Because some countries do not have enough sources to generate funding to build up such great corporations, they make incentives for the large overseas corporation instead by waving taxes for certain period. This only benefits that big companies so, while branches are created in one country most probably, they bring their own staff by paying more salaries. However, they exploit local ones by offering lower paycheques than the payments that company staff get. However, I think it still has a lot of better results on economic development. Although initially those corporations are exempt from taxes for a short period of time later those are the ones which provide for country ton of money and local people can get a job, even government can use those assets to open local firms, agricultures etc.
All things considered, despite the fact that multinational corporations have some negative effects, they are more often than not very beneficial for country not only because it provides funds to help the other aspects of economy to promote but also help population get decent job, grow and get rid of arduous life.
Some
argue that operations of huge multinational
corporations
boost economy which the
countries
that are
still
developing would most benefit from it whereas others believe existence of these kinds of
corporations
overall
has a
negative
effect. I believe, these gigantic
companies
would have a great contribution to the economic development of a country.
On the one hand,
some
people
think
enormous
corporations
contribute to economy a lot. Such as, if one of the branches of multinational
corporations
is operating in one
country
hands down that pays a huge amount of taxes.
Besides
it, town folks can
get
benefit from it by holding various positions in such large holdings as
company
pays
big
salary, and offers paid
leaves
, maternity
leaves
and
so
on. From my point of view, that’s
really
true as long as the
government
is intended
to provide huge influx of money to the budget and create new workplaces for the
people
.
So, that
will
help
to
improve
the economy.
On the other hand
,
some
still
state that bringing the activities of those
corporations
might have disastrous consequences.
Because
some
countries
do not have
enough
sources to generate funding to build up such great
corporations
, they
make
incentives for the large overseas
corporation
instead
by waving taxes for certain period. This
only
benefits that
big
companies
so
, while branches
are created
in one
country
most
probably
, they bring their
own
staff by paying more salaries.
However
, they exploit local
ones
by offering lower
paycheques
than the payments that
company
staff
get
.
However
, I
think
it
still
has
a lot of
better results on economic development. Although
initially
those
corporations
are exempt from taxes for a short period of time later those are the
ones
which provide for
country
ton of money and local
people
can
get
a job, even
government
can
use
those assets to open local firms,
agricultures
etc.
All things considered, despite the fact that multinational
corporations
have
some
negative
effects, they are more
often
than not
very
beneficial for
country
not
only
because
it provides funds to
help
the other aspects of economy to promote
but
also
help
population
get
decent job, grow and
get
rid of arduous life.