The commercial activities of multinational corporations are becoming increasingly debatable. A number of people think that the actions of huge global companies are beneficial to countries with growing economies while others maintain that these organizations have mainly adverse impacts. This essay will discuss both sides of the argument in detail and provide evidence as to why such companies are superior.
There are a growing number of employees who believe that multinationals are effective patterns in terms of economic developments among developing nations. Put simply, their reasons are that the international investments provide local people with high paying jobs. In addition, a local company could be a branch of the larger businesses which can make huge profits. In Canada, for instance, statistical evidence suggests that the employees of internationals earn 32% more than staff of independent businesses. Overall, these people have good reason to believe that multinational corporations are highly profitable.
In contrast to people who believe that vast global companies have great advantages are those who claim that these have opposite effects which must be considered. One of the major issues is that these companies can take customers from tiny firms. This means that the local businesses would be in economic recession and even they could go bankrupt. Restaurant chains of McDonald, for example, spend numerous money to advertise their products, causing local restaurants could not sell their own food products. In short, a number of people feel that these multinationals can threaten tiny business companies.
In conclusion, although several people think that multinational enterprises benefit, other economists disagree and suggest that these companies are harmful. This essay discussed the various reasons why people hold these points of views and whether these would be a part of economic development. In my opinion, despite having some adverse influences, I believe multinational corporations are generally beneficial.
The commercial activities of
multinational
corporations are becoming
increasingly
debatable. A number of
people
think
that the actions of huge global
companies
are beneficial to countries with growing economies while others maintain that these organizations have
mainly
adverse impacts. This essay will discuss both sides of the argument in detail and provide evidence as to why such
companies
are superior.
There are a growing number of employees who
believe
that
multinationals
are effective patterns in terms of economic developments among developing nations. Put
simply
, their reasons are that the international investments provide
local
people
with high paying jobs.
In addition
, a
local
company
could be a branch of the larger
businesses
which can
make
huge profits. In Canada,
for instance
, statistical evidence suggests that the employees of internationals earn 32% more than staff of independent
businesses
.
Overall
, these
people
have
good
reason to
believe
that
multinational
corporations are
highly
profitable.
In contrast
to
people
who
believe
that vast global
companies
have great advantages are those who claim that these have opposite effects which
must
be considered
. One of the major issues is that these
companies
can take customers from tiny firms. This means that the
local
businesses
would be in economic recession and even they could go bankrupt. Restaurant chains of McDonald,
for example
, spend numerous money to advertise their products, causing
local
restaurants could not sell their
own
food products. In short, a number of
people
feel that these
multinationals
can threaten tiny
business
companies
.
In conclusion
, although several
people
think
that
multinational
enterprises benefit, other economists disagree and suggest that these
companies
are harmful. This essay discussed the various reasons why
people
hold these points of views and whether these would be a part of economic development. In my opinion, despite having
some
adverse influences, I
believe
multinational
corporations are
generally
beneficial.