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.
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
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.