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Small business are disappearing and being replaced by large multinational companies. Do the advantages outweigh the disadvantages?

#business #companies
In modern contemporary, the phenomena of the spread of international
companies
 in many
countries
 become part of the globalization process. Some people believe that it could have a drawback
such
 as discouraging local people to open their own business, while others think that it can have myriad merit;
for instance
, boosting
countries
’ economy by lure foreign
investors
. I am of the opinion that
this
 phenomenon's merits outweigh its demerits.
To begin
 with, the main drawback caused by the existence of the international
companies
 over local ones is that local business losses its market-ground, due to increasing number of the global
companies
, which in turn leads to increase badly the percentage of unemployment rate.
This
 is because the existence of the market competition, between in-home
companies
 and global ones, has been diminished.
As a result
, local
companies
 closed their business and fired their employees.
Therefore
, some economists suggest that the government should put the rules and regulate the relation between both local and international
investors
.
Nevertheless
, despite the demerits previously mentioned, I believe that the benefits of
this
 phenomenon outweigh its disadvantages. The reason for
this
 is that foreign
investors
 usually bring hard currency to the country, which boosts dramatically the country’s economy.
For example
, according to an article that has been recently published in the New York Times, 31 per cent of developing
countries
 have been survived economically
as a result
 of the reservation procedures of hard currency.
Therefore
,
third
-world
countries
 often encourage foreign
investors
 to invest in their
countries
; despite the fact that
this
 could affect dramatically the unemployment rate. In conclusion, it is evident
this
 essay highlighted the positive impacts and negative effects of the disappearance of small businesses and being substituted by global
companies
. In my opinion, the advantages greatly outweigh the disadvantages.
Submitted by abdarwish.official on

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