more and more international companies are investing and locating their business in foreign country. What problems will local communities face with and what can be done ?

In
this
day and age, an increasing number of people are concerned about the development of foreign investment by international companies. The main reason for
this
is that local
business
cannot compete with large international
business
and a viable solution is the government should promulgate rules to help improve the local economy. The
first
major issue id the burden of high taxation makes it difficult for many small businesses to survive.
For example
, small company makes only 500 dollars per
month but
Accept comma addition
month, but
they have to pay 300
dollars taxes
Accept comma addition
dollars, taxes
, and
thus
, they do not have enough money to pay their employees.
In addition
, local communities will lose their uniqueness as international companies are the same the world over;
therefore
, local countries
is
Suggestion
are
globalized, which cause local countries
loose
fail to keep or to maintain; cease to have, either physically or in an abstract sense
lose
their culture and traditional. Another
natable
worthy of notice
notable
problem is local businesses cannot compete with
large international
Suggestion
the large international business
business
. International businesses
has
Suggestion
have
large investment sources and advantageous conditions, and
consequently
, they attract more consumers than local
business
. It not only decline the local
economy but
Accept comma addition
economy, but
also
cause rich become richer, poverty worsens in poor countries. There are two effects solutions to the problem of investing
by
Suggestion
in
international companies in foreign
contries
a politically organized body of people under a single government
countries
. One effective measure to deal with international companies is for the government should subsidize local
business
such
as decreasing tax and attracting workers.
In addition
, local people should find out
new technique
Suggestion
a new technique
,
then
apply it in
business
to develop their work. Regularly cultivate knowledge, capture new economic trends of the world and apply it to local
business
's production.
Moreover
, big companies should work alongside local businesses to support the community, and
also
corporations should be granted
further
tax cuts. In conclusion, while more and more international companies are investing and locating their businesses in foreign countries, which can have negative effects on not only the
society but
Accept comma addition
society, but
also
the environment, measures and actions could be taken by both government and citizens to the problems.
Submitted by Mian on

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Topic Vocabulary:
  • Foreign direct investment
  • Globalization
  • International corporations
  • Local economy
  • Job creation
  • Resource allocation
  • Cultural diversity
  • Infrastructure development
  • Environmental conservation
  • Exploitation
  • Transparency
  • Accountability
  • Regulations
  • Fair competition
  • Cultural exchange
  • Ethical business practices
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