Countries should restrict foreign companies from opening offices and factories in order to protect local businesses. Do you agree or disagree?
Setting-up offices
by
foreign companies is now so common in countries which links with others, especially in undeveloped countries According to many people, foreign companies should be limited by the government from opening offices and factories because it may affect local business. I completely disagree with Suggestion
of
this
viewpoint, since there are manifold advantages of inviting well-established, foreign companies to set-up plants, factories, and offices in a country.
The most obvious lacuna of protecting local companies from external ones is the imminent threat of becoming obsolete. Many under-developed nation's governments consider foreign companies as a direct risk to their native factories. Linking Words
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However in
reality, Accept comma addition
However, in
this
support from the government becomes more of a crutch. Linking Words
As a result
, often these local businesses go into complacency, and Linking Words
thus
do not make efforts to improve upon their technology. Linking Words
Furthermore
, they lose any chance of being considered a competitive nation, Linking Words
hence
losing a substantial share of the mutual benefits accompanied by global trade. Countries like Afghanistan and Venezuela are fitting examples of Linking Words
such
scenario. It is extremely difficult for a non-native entity to form any business there. Linking Words
Such
policies have resulted in their economy living in a cocoon and not growing rapidly.
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On the other hand
, states that welcome multinational organizations in their areas, not only see a surge in their economy but Linking Words
also
suffer less unemployment. To illustrate with an example, countries like the USA and Vietnam, by offering numerous benefits, have seen the influx of Japanese and European MNCs. Linking Words
Moreover
, Linking Words
this
has resulted in a number of job opportunities for the locals, and has brought about an advanced level of technology. Linking Words
Similarly
, local companies in equivalent industries have imbibed the latest technology used by these MNCs, and have grown stronger to compete not only with the Linking Words
neighboring
entities but having a common boundary or edge; abutting; touching
neighbouring
also
with the world as a whole.
To conclude, I disagree that foreign companies are a threat, and attest that the local companies should work side-side-side with MNCs. Not only will Linking Words
this
boost the economy of the region, but Linking Words
also
make the nation an attractive place for foreign direct investment.Linking Words
Submitted by Andy on
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