Multinational companies are becoming more common in developing countries. What are the advantages and disadvantages

It is argued that international cooperation’s are becoming more prevalent in less economically developed nations.

This

essay will

first

suggest that

primary benefit

Suggestion

the primary benefit

is that

poverty

will be reduced in poor countries whereas national companies will suffer losses

as a

result

of market dominance

,

Accept space

,

is the main

draw back

the quality of being a hindrance

drawback

. The main reason why international cooperation’s set up their business or industries in less developed countries tackle issues

such

as

poverty

by providing job opportunities and better paid jobs to

worker

Suggestion

work

from deprived places. Potential employees are able to gain economic stability

from

Suggestion

of

the jobs offered by international

companies

Accept comma addition

companies, thus

thus

become

financial

Suggestion

financially

independent and will no longer depend on the government form income support or financial assistance and

poverty

will be eradicated.

For example

, Internationally renounced pharmaceutical giants

such

as Pfizer have recently set up a 100 new pharmaceutical

industries

Suggestion

industry

, offering 800 jobs to employers from poor backgrounds in order to alleviate unemployment and combat

poverty

. Despite the

poverty

reduction, National companies in some countries are facing market dominance

as a

result

of Global businesses establishing themselves. National businesses suffer because they are unable to offer better paid salaries to their employers like worldwide businesses and

as a

result

, have few workforce and unable to thrive as a business.

For example

, a survey conducted by the National Institute of Statistics, Cambodia stated that after the launch of 100 Apple iPhone stores in Cambodia has resulted in national businesses like LG Phones to shut down because workers were less attracted to work there because they offered less wages to their employees. To conclude, Global companies may help eradicate

poverty

and unemployment in less economically developed nations by offering better paid jobs to individuals living in disadvantaged

areas

Accept comma addition

areas, however

however

they should keep in mind that national companies suffer

as a

result

of

marker

the world of commercial activity where goods and services are bought and sold

market

dominance caused by globally renowned companies.