Some people think the spread of multinational companies and globalization produce positive outcomes for everyone. Do you agree or disagree with the statement?

Over the years, globalization and the spread of multinational
companies
have transformed the world economy in multiple ways.
This
in turn has benefited in the growth and expansion of several developing and developed
countries
. I personally agree with
this
statement and the reasons will be explained in
this
essay. Multinational
companies
have opened doors to a wide variety of opportunities. As these
companies
have requirements for great manpower, they offer employment to a huge population in the host country. A recent study showed that Wipro has employed the most number of IT professionals in India, where there are many engineering graduates who are unemployed.
This
will help in tackling the issue of unemployment which is a major concern in most developing
countries
. Clearly, these
companies
will boost the
countries
' financial economy.
Furthermore
, investments by these Trans-National Corporations (TNCs) bring wealth and foreign currency to the local economies when they buy locally produced items, resources or services.
This
adds on to the national income and the extra money can be used for the development of various sectors
such
as education, health and infrastructure.
Additionally
, globalization
also
helps in sharing ideas and cultures among different
countries
. People get to experience new food and products from different land that were never available earlier. In conclusion, globalization and the increase in multinational
companies
have a tremendous positive impact on society. In my opinion, more MNCs should be encouraged to invest in developing
countries
which would enable inflow of vast opportunities for the progress of the country.
Submitted by linzavarghesek on

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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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