Some people believe that the activity of large multinational corporations mostly benefits the economy of developing countries. Other people take the opposite view and feel that these large multinationals are generally harmful. Discuss both views and give your opinion

In recent years, many companies are expanding and are now global. Some people are of the

view

that these companies have a positive effect on the economy of less developed countries, whereas, others believe that these corporations mainly harm these countries.

Although

, there have been more job offers in some developing parts of the world owing to the activity of these corporations,

however

, I believe that they are harmful due to the huge finances on the products of these

business

Suggestion

businesses

, while more important needs are neglected. On the one hand, the rise in employment opportunities in some less developed nations

have been attributed

Suggestion

has been attributed

to the activity of large global corporations. These businesses create

flight

Suggestion

a flight

of capital from some wealthy individuals to many poor countries, which help to establish branch offices resulting in jobs for many people, ranging from unskilled labour force to technologists and engineers.

For instance

, multinational companies

such

as Total and Shell are the major employer of labour in the Niger delta region of Nigeria.

This

reveals an important benefit of

such

corporations.

On the other hand

, some people think that these big corporations prevent the citizens of less developed countries from allocating scare resource to urgent needs. Through advertisements and promotions, some people are not able to distinguish their needs from their wants and

subsequently

, spend huge amount of their income on luxury, decreasing their savings and infrastructure development. More so, the profits of these businesses are not often retained in developing countries.

For example

, in recent years, companies like Apple have increased the expenditure on electronic devices in many developing parts of the world with no appreciable

economical

Suggestion

economic

benefits.

Therefore

,

this

has deleterious consequences

on

Suggestion

for

the

economical

Suggestion

economic

growth of

such

countries. I agree with

this

view

. In conclusion, the activity of huge multinational corporations

create

Suggestion

creates

employment opportunities for many citizens in developing countries,

however

, I hold the

view

that it negatively impair on the economy of these nations due to the increase in spending on the products of these

business

Suggestion

businesses

. Efforts geared towards promoting

this

view

should be encouraged.