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Band 7.5

J. Multinational companies are becoming increasingly common in developing countries. What are the advantages and disadvantages of this?

#j #companies #countries
Third
-world countries are the most preferred business locations for many international firms.
This
 development generates more jobs in the local community, while it is
also
 considered as one of the main reasons for foreign
currency
 deficit. On the one hand, an international enterprise provides more job opportunities for young talents in the
host
 country. Large globalized firms have businesses around the world, their products are sought after worldwide and they need to manufacture in mass quantity,
this
 necessitates to hire adequate manpower locally to manage their production process efficiently, offering jobs for foreign workers are restricted by
host
 countries to reduce unemployment.
For instance
, the Indian government allows businesses to establish easily with one exception that they need to utilize 85% of local resources
such
 as workforce, and
this
 has resulted in high employment.
On the other hand
, multinational firms yearly or monthly transfer profits to their headquarters, most of them are located in the USA or Europe. Locally earned money is converted to commonly transacted
currency
 USD and moved to respective bank accounts in main offices.
This
 creates a huge influence on the
host
 country’s foreign
currency
 deposits and reserving
this
 is vital to control domestic inflation rate, it is directly linked with spending more local
currency
 to import fewer products.
For example
,
a
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research by economic Times has found that countries in Asia losing their foreign deficit by 5% due to multinational companies’ transactions and it has increased 2% of their import cost over the
last
 5 years. In conclusion, multinational companies negatively impact
host
 countries economy by reducing foreign
currency
 reserves,
although
 they are beneficial to reduce unemployment of developing nations.
Submitted by thaya1988 on

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Include an introduction and conclusion

A conclusion is essential for IELTS writing task 2. It is more important than most people realise. You will be penalised for missing a conclusion in your IELTS essay.

The easiest paragraph to write in an essay is the conclusion paragraph. This is because the paragraph mostly contains information that has already been presented in the essay – it is just the repetition of some information written in the introduction paragraph and supporting paragraphs.

The conclusion paragraph only has 3 sentences:

  • Summary
  • Restatement of thesis
  • Prediction or recommendation

Example:

To summarize, a robotic teacher does not have the necessary disciple to properly give instructions to students and actually works to retard the ability of a student to comprehend new lessons. Therefore, it is clear that the idea of running a classroom completely by a machine cannot be supported. After thorough analysis on this subject, it is predicted that the adverse effects of the debate over technology-driven teaching will always be greater than the positive effects, and because of this, classroom teachers will never be substituted for technology.

Start your conclusion with a linking phrase. Here are some examples:

  • In conclusion
  • To conclude
  • To summarize
  • Finally
  • In a nutshell
  • In general

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