The spread of multinational companies and resulting increase of globalization produces positive effects for everyone. Do you agree or disagree?

It is argued that the advancement of multinational enterprises and

resulting

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the resulting

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development of globalization can bring out positive effects for everyone. I believe that it would be beneficial

the

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for the

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majority

instead

of everyone.

This

trend produces the rapid development of the economy in the capital-scarce,

labor-rich

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labour-rich

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countries

such

as developing

countries

.

This

is because

this

movement has increased job opportunities. To illustrate

this

, FOXCONN is a convincing example. It is an electronics contract manufacturer based in SHENZHEN of China that producing electronic products for most developed

countries

.

As a result

,

such

factories are likely to get local people involved in

jobs

and lift them out of poverty. Meanwhile, it

provide

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provides

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the people who live in developed

countries

through fiercely marketing competitive with the chance to have a wide array of choices because of low

labor

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labour

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costs.

For instance

, the consumers could buy goods at much lower prices than local online shops through the Chinese online platform SHEIN.

Consequently

, the customer could shop with a lot of cost-effective products.

In contrast

, the biggest problem of

this

trend is that

jobs

are lost and transferred to

lower cost

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lower-cost

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countries

. According to conservative estimates by Robert Scott of the Economic Policy Institute, granting China

most

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the most

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favored

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favoured

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nation status drained away 3.2 million

jobs

, including 2.4 million manufacturing

jobs

. For that reason, workers in developed

countries

like the US face pay-cut demands from employers who threaten to export

jobs

. In conclusion, the spreading of multinational companies leads to

expansion

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the expansion

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of globalization contributes a lot to

the

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apply

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most

countries

.

However

, it has

dark

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a dark

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side too.