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.
In an era of globalization, it is common to have an office and factories started in a foreign land. Some people believe in doing so it hampers local
business
. Use synonyms
In contrast
, I strongly support the ideology as Linking Words
this
enables good competition for creating better Linking Words
products
/services and eliminate monopolies in the industries.
Use synonyms
To begin
with, when a foreign company is opening an office or factories it brings many benefits along with them. These benefits include advance technology, better Linking Words
products
and job opportunities. If Use synonyms
such
initiatives are not encouraged the customers are left with inferior and out of date Linking Words
products
as they have no other options to chose from. Use synonyms
For example
, Detroit city was amongst the top flourishing metropolitan as it was American automaker's manufacturing hub. For long, these companies developed cars with high emission and poor efficiency mechanism. Until competition struck from Japanese automakers by introducing hybrid cars that were low in emission and great efficiency.
Linking Words
Further
ahead, A Linking Words
market
place offering Use synonyms
products
only from local Use synonyms
business
can create monopolies. It can be intentional or lack of supply chain programs. Local Use synonyms
business
is small in size and Use synonyms
thus
can afford to capture the entire nation's Linking Words
market
. A foreign company can successfully expand its product line as they have the funds to do so. Use synonyms
For example
, A small scale Linking Words
business
in India, manufacturing medical equipment will never be able to supply to its counterparts of the Use synonyms
market
as transport cost can increase the cost price of the product and the customer will have no option to buy it. Use synonyms
However
, a well established foreign company, P&G, has set up multiple factories in India for better reach of the Linking Words
market
and cheap Use synonyms
products
.
In conclusion, a nation having policies that invite foreign industries to open facilities inland can be thought as a better thriving marketplace and ensuring customers are benefited by good Use synonyms
products
and have a healthy competition with local Use synonyms
business
for advancing technologies.Use synonyms
Submitted by Shashank Sharma on
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