Today everyone is part of a big global village.
Globalization
has opened various opportunities for both national and international companies in developed and underdeveloped states. Use synonyms
This
has paved the way for a totally different world. In past, the term Linking Words
globalization
attracted a lot of criticism especially from economists but slowly it got accepted by everyone and now the whole world believes that Use synonyms
this
trend is important for constructive development. I too completely agree with Linking Words
this
statement and will discuss the same in the below essay.
To start with, Linking Words
globalization
flagged many groups to check on openings available in weak nations. Many establishments started their businesses in Use synonyms
such
a regime creating a lot of employment chances and the need for infrastructure development in that area. A lot of local businesses Linking Words
also
benefitted due to Linking Words
this
change as they got to provide much needed raw materials for the construction and Linking Words
hence
entering the global market for their products. Linking Words
For example
, Tata Steel is renowned in the world for providing steel to many Linking Words
such
industries worldwide.
Linking Words
Furthermore
, the invasion of multinational corporations brought wealth and foreign currency to much needed small regions. Linking Words
This
adds to the country overall budget and used Linking Words
further
for healthcare, education and infrastructure etc. Many job prospects build up the realm's economy as people tend to spend the money and pay taxes for the money earned and spent. Linking Words
This
added income can be used again for well being of citizens. Live example in front of us is India, China etc. India is now the most sought-after country for any company’s investment due to its cheap labour and government support.
In conclusion, Linking Words
globalization
and the increase in multinational firms have a tremendous positive impact on society.Use synonyms
praveena.tirumala