Many universities graduates cannot find a job in their chosen profession. what factors may have caused this situation and what in your opinion should be done about it?
As a result
of the technological advancements in recent years, people
all over the world
are exposed to the global market and many multi-national brands are formed who are expanding the global coverage of their products
. So, the world
is converging almost into a single entity at a steady pace due to these. In my opinion, there are both advantages and disadvantages to some extent.
Nowadays, people
can buy any product without getting restricted to the country they living-in. For example
, online stores to buy various household products
, clothes, and even vehicles are emerging. And also
enormous multi-national brands are establishing their presence in every part of the world
such
as Coca-cola, Nike, Addidas and Puma. Due to this
, anyone could experience high-quality products
from anywhere in the world
which was not possible previously. In addition
to that, every country will be positioned in an equivalent place that might stop educated peweople
from migrating from their motherland for searching for better opportunities.
Correct your spelling
people
However
, this
might be detrimental for some local product industries who now have to compete with global leaders of their segment. To illustrate, local footwear companies
have to face Nike, beverage companies
might need to challenge the marketing power of Coca-cola which might not be a fair battle. Consequently
, many local manufacturing companies
might find it difficult and the economy of the country will have a negative impact in future. Moreover
, people
will see much variety in the products
as only a few options might be left due to this
.
In conclusion, several positives and some negatives are there with this
trend. I believe, people
getting equivalent opportunities should not be avoided. It is better to allow some companies
to enter the local market while supporting the local industries by including some tax schemes for international products
.Submitted by gayani_np on
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