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.