Countries should invite foreign companies to open branches in their shores.To what extent do you agree or disagree?

Globalization made it possible for everyone to be connected and

this

paves the way of

international trade industry

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an international trade industry

that is

why many countries encourage foreign companies to invest with them to increase their economic growth.

However

, I believe that there are drawbacks to

this

idea that somehow does not help a nation. International companies

stretches

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stretch

their businesses across the

world especially

Accept comma addition

world, especially

to the developing countries. They will gain huge profits from it as well as helping the land to grow economically by providing them

knowledge

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the knowledge

, innovative technologies and high quality commodities and because of

this

, it pushes local markets to

enhanced

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enhance

the quality of their products to compete with them. By placing numerous branches of foreign companies it opens various job opportunities

to

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for

people as well as provide benefits like training or hiring employees abroad and offering managerial positions.

In addition

, the taxes that the

goverment

the organization that is the governing authority of a political unit

government

collected from these enterprises can be utilized to improve other sectors

such

as health care and education.

However

, despite the purpose of multinational companies to boost the economy of an area, profit is still profit and still their major reason for establishing branches across the globe. Huge companies from the

west take

Accept comma addition

west, take

advantage of the

third

world countries to avoid paying huge amount of taxes which is unfair to common workers who are paying the required higher taxes religiously

that is

why the gap between the rich and the poor remains the same

inspite

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in spite

of globalization. The stronger the business, the greater the power they achieved.

Thus

,

Accept space

,

it is inevitable for smaller firms to compete and in the long run they are

force

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forced

to shut down to give way for well-known corporations.

Furthermore

, as the popularity of foreign goods increases

to

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with

the masses, they tend to adapt the western lifestyle.

consequently

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Consequently

, diminishes their cultural identity. In my perspective, investing

on

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in

international companies

does not symbolizes

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does not symbolize

total prosperity to a nation but it is difficult to ban these businesses as they promote good relationship to other countries and they are the reason for the modernization of society. So, in order for them to regain the

upperhand

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upper hand

, the government should increase their tariffs to foreign products and decrease taxes to local and smaller businesses. In

this

way, citizens

are encourage

Suggestion

are encouraged

are encouraging

to buy their own goods and they can protect their culture from extinction. Aside from that the state should exercise transparency on taxes collected from bigger companies as well as they need to strictly monitor it for them to pay the right amount of money. In conclusion,

although

inviting multinational companies to a territory improves their economic status society should not patronize them too much and start loving their local businesses and products to make an optimistic progress without relying to other countries.