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

Nowadays, one of the widely discussed issues is

the

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whether the

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actions of huge global

companies

are beneficial to countries with developing economies,

while

others believe that these

companies

have

negative

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a negative

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effect on the indigenous population of a country. Personally, I intend to consider that

although

multinational

companies

have some harmful impacts,

overall

they bring revenue to a

country’

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country’s

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wider economy in which they do business. A growing body of research suggests that multinationals have a generally positive effect on

economies

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the economies

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of developing countries. It is undeniable that globalization has become an integral part of our

life

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lives

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,

for

this

reason

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reason,

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international investment can help to create job opportunities for local people.

This

can lead to acclivity in the number of wages and

also

the declivity in the rate of unemployment. Taking Turkey as an example, employees of multinational

companies

earn around 15% more than staff of local

companies

.

On the other hand

, there are

also

negative impacts which must be considered. One important issue is that multinational

companies

can take customers from local

companies

.

This

means that some local businesses are likely to close down because of international corporations. A good

in

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apply

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point is global chains

such

as McDonalds and Coca-Cola have a much larger budget for advertising, allowing them to increase their market share at the expense of local restaurants. In conclusion, taking everything mentioned into account I would suggest that multinationals can profit

developing

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from developing

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countries

through

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by

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creating jobs,

they

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but they

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can

also

threaten small

business

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businesses

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. In my opinion, despite having some negative

effect

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effects

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, I strongly believe that multinational corporations are generally beneficial.