In most countries multinational companies and their products are becoming more and more important. This trend is seriously damaging our quality of life. Do you agree or disagree?

Nowadays, businesses have been spread beyond the borders. While these international

companies

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and its products bring some prosperity to the host

country

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;

however

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, it has more devastating effects on the lives of locals. I completely agree with

this

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statement.

This

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essay will highlight some key points before reaching the conclusion. Admittedly, multinational

companies

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boost the economy of a

country

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up to some extent. The reason is that the government collect taxes from them and the public get jobs in these

companies

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. In China,

for instance

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, Apple and Samsung

companies

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hire the Chinese and these firms provide taxes to the

country

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also

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.

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, professionals gain valuable experience in multinational corporations, especially in tech-industries, which is almost utilized in local firms, leading to business growth.

In contrast

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, I believe that multinational firms damage the quality of life because people adopt the new culture and change their way of lifestyle. To elaborate more, the trend of buying international garments like jeans, in my locality is growing at pace. Few people wear their cultural dress, the shalwar and

qamis

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games

, leading to loss of cultural identity. Downsizing the host businesses in underdeveloped countries is another worrying factor, which not only affects the majority of the business community, but

also

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the government. As foreign

companies

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give more offers and discounts on their qualitative products, people tend to splurge on these items while leaving their local shops. As a consequence, bankruptcy might grow and if these business persons take

l

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a

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oan from national banks or availing some financial benefits from the government, it brings an economic burden to the

country

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. To conclude, foreign businesses should be allowed in a controlled manner.

Otherwise

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, the consequences for all sectors of the host

country

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would have negative consequences.