The expansion of multinational companies and increase in globalization produces positive effects to everyone. To what extent do you agree or disagree with this statement.

#expansion #companies #globalization #effects

The development of megacorporation around the world is enhancing the trend of international business to provide benefits to communities. I completely agree that having trade between corporations globally has positive impacts on everyone.

Initially

this

essay will argue that consumers satisfaction and

then

more employment opportunity are major benefits of opting for the globalization trend.

To begin

with, the predominant advantage of global trade is the product's quality and variety. These corporations produce plenty of things which could help to give satisfaction to their customers. The quality and price of these products may vary but to get success at the international level these organizations give priority to their users.

As a result

, the annual profit would

also

be increased for these businesses.

For instance

, a survey conducted recently by BBC News has revealed that due to multinational enterprise 85% of the world population tends to use high-quality international brands rather than made by local industries.

Therefore

this

activity returns back the original value of the product's price to their customers.

Besides

, these organizations and global business decrease the rate of unemployment. While opening and expanding more industries employers hire the relevant skills and qualified employees for their companies from around the world. These workers

also

attain opportunities to demonstrate their abilities globally

instead

of spending whole life in small scale factories.

Consequently

, they sustain their living standard with sufficient income sources.

For example

, thousands of people migrate to other cities or countries each year to explore their talent and achieve success in their lives.

Hence

, the availability of employment in multinational organization for people imparts prosperity to societies. To conclude,

this

essay argued that international business by major corporations deliver several adequate products with reasonable cost and reduce the percentage of jobless crowd internationally.

Thus

, I strongly believe that governments of each nation should support and encourage globalization trend.

Submitted by AMARJIT SINGH on Mon Apr 12 2021

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14Linking words
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309 words

8.50

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