Countries should restrict foreign companies from opening offices and factories in order to protect local businesses. Do you agree or disagree? Give reasons and specific examples to explain your answer.

It is certainly true that many countries face the dilemma of whether to invite international companies for their economic development or diminish foreign enterprises to protect domestic businesses. I agree with

these

plural of that

those

who believe that overseas firms should be invited to build their branches and factories in

host

countries for several reasons. In the

first

place, one of the most commonly cited reasons for which a government should encourage foreign enterprises to invest in their country is technological developments. To put it another way, technologies that are transferred to

host

countries in connection with foreign firms tend to be more state-of-the-art and environmentally eco-friendly than what is locally available.

This

will contribute to heightened productivity and sustainable development for domestic economies. To illustrate, the

last

fifteen years have witnessed a great increase in Korean companies’ cutting-edge technology transfers from Korea to Vietnam.

As a result

, Vietnam has achieved fast and maintained economic growth, according to Global Trade Magazine. In the

second

place,

another

not the same one or ones already mentioned or implied

other

significant reasons for

this

are employment generation and remarkable

management

skills.

In other words

, foreign firms could create numerous job opportunities with better salary options for

host

countries. To give a clear example, Apple Company has several factories and offices over the

world especially

Accept comma addition

world, especially

in China and they have employed more than fifty thousand workers just in Beijing, according to The New York Times.

Moreover

, overseas enterprises could bring the superior

management

skills to the

host

countries through training programs.

This

could help these countries improve their own

management

skills. In conclusion,

although

some people think that should limit overseas firms to protect domestic businesses, I support the idea that foreign companies should be encouraged to build their branches in the

host

countries because of some benefits, including the transfers of cutting-edge technology and superior

management

skills and employment generation.