The globalization has fostered the development of many large-scale companies across the globe. These multinational companies have invested a huge
amount
to endorse their goods and services on enormous platforms that have caught the eyes of the masses.
Besides
, these products come with certain issues and so there is a need to take collaborative measures that can convince people to purchase local goods.
On the one hand, the continuous hammering of
such
lavish products have modified the mindset of many local communities which causes them to unnecessarily purchase of some products out of nowhere. The goods are manifested as a convenience for daily life to their targeted audience through many promotional campaigns,
hence
even marginal people end up buying it, resulting in debt as well as prodigal spending.
For instance
, many mobile manufacturing companies are advertising their mobile phones with not only better-quality features but
also
with monthly repayment schemes, compelling the customers to purchase new models every year under
such
schemes, leaving them with a huge
amount
of loans to repay. Another problem that needs to be considered is that many products can be detrimental to human beings. There are certain categories of
food
items
such
as ready -to- eat, ready- to -cook, and package meal which contains a high
amount
of added preservatives which are sources of fatal diseases. To illustrate, many
food
processing companies use
mass
media, namely television advertisements and social media platforms to target the young working population who buy them from nearby supermarkets and malls and many researchers have proved that the consumption of
such
food
is the cause of stomach cancer, diabetes, and even obesity.
However
, these problems can be resolved with the collaborative efforts of the authority and
mass
media to create awareness of local produce.
On the other hand
, the government should allocate funds to leverage their people to buy local products. There should be monthly and weekly exhibitions, with the telecast support of
mass
media, where people can be educated about the benefits of consuming locally manufactured products. To illustrate, many countries nowadays are encouraging people to buy local organic
food
. Many campaigns are run by local cooperatives to promote their goods not only on local cable channels, but
also
through social media and print media.
Hence
, nowadays, people are becoming more conscious of the money they spend on commercial goods. One immediate practical solution is that the ministry should confine the advertisement and promotion of products sold by multinational companies for a certain period.
This
can reduce the impact of the products on common people and they can look out for other sources.
For example
, many countries
such
as India and China encourage their citizens to use local produce which is good in quality and markdown prices compared to international brands
in addition
to the continuous broadcasted support from the news channels.
In summary,
although
multinational companies can attract people due to their huge
amount
of investment in marketing and promotion on larger marketing platforms,
this
has resulted in a negative impact on society as well.
However
, by limiting
such
promotion by the government and even
mass
media can bolster consumption of local goods.