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

IT IS OFTEN ARGUED THAT THE ACTION OF HUGE GLOBAL COMPANIES ARE BENEFICIAL TO COUNTRIES WITH GROWING ECONOMIES, WHILE OTHERS BELIEVE THAT THESE COMPANIES HAVE A NEGATIVE EFFECT. IN MY OPINION, I BELIEVE THAT
ALTHOUGH
MULTINATIONALS COMPANIES HAVE SOME HARMFUL IMPACTS. OVERALL, THEY BENEFIT THE COUNTRIES IN WHICH THEY DO BUSINESS.
one
Suggestion
One
key benefit that international investment can help to create job opportunities with
higher rate
Suggestion
a higher rate
of pay. As these companies international, they hire
employee
Suggestion
employees
an employee
from the same country in which they establish their business.
This
can lead to an increase in wages than local industries can provide.Taking turkey as an example, employee of multinational companies
earn
Suggestion
earns
around 15% more than staff of local units.
However
, there are
also
negative impacts which must be considered. One important issue is that multinational companies can take customers from local businesses and may close it down completely.
For example
, 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 restaurant. In conclusion, while multinationals can benefit developing countries through creating jobs, they can
also
threaten small businesses. In my opinion, despite have some negative effects, global corporations are generally beneficial.

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