Multinational companies are becoming increasingly common in developing countries. What are the advantage and disadvantages of this?

In recent years, foreign organizations are being set up at a rapid rate in
third
world countries.
This
essay will discuss the merits and demerits of the aforementioned
occurence
an event that happens
occurrence
. The influx of international establishments has lead to an increase in investments, leading to employment opportunities, and helping boost innovation;
this
is a positive development for the
country
. There is an imminent problem with under-developed societies, in that they are regarded as "consumers" while the developed countries are the "producers"; with the establishment of international institutions, cultural practices and characteristics of the host
country
can blend and benefit from the innovative nature of their developed counterparts.
For instance
, companies like Coca Cola being set-up in a
country
such
as Nigeria, have aided in providing employment for the masses, as well as presenting solutions to certain societal issues through corporate social responsibility campaigns.
However
, a demerit to be associated with
this
, is the danger of losing traditions and intricate cultural values, due to merging of the different cultures.
For example
, a situation whereby the establishment increases the number of expatriates, resulting in a blend of cultures from constant interaction, can cause native residents of the
country
to forget age old traditions in full embrace of the dominant party's culture. To summarize, foreign organizations aid the economy positively by providing
employemnt
the state of being employed or having a job
employment
opportunities and learning experiences, but can be detrimental to the traditions and history of the host society.
Submitted by onyi.chiezie on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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    • Sentence 1 - Summary
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Topic Vocabulary:
  • multinational companies
  • developing countries
  • job creation
  • unemployment rates
  • living standards
  • new technology
  • knowledge base
  • infrastructure development
  • exploiting
  • local workers
  • low wages
  • poor working conditions
  • negative impact
  • dominate
  • market
  • environmental degradation
  • sustainable practices
  • cultural homogenization
  • global brands
  • pervasive
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