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

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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
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of everyone.
This
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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
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such
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as developing
countries
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.
This
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is because
this
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movement has increased job opportunities. To illustrate
this
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, FOXCONN is a convincing example. It is an electronics contract manufacturer based in SHENZHEN of China that producing electronic products for most developed
countries
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.
As a result
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,
such
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factories are likely to get local people involved in
jobs
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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
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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
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, the consumers could buy goods at much lower prices than local online shops through the Chinese online platform SHEIN.
Consequently
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, the customer could shop with a lot of cost-effective products.
In contrast
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, the biggest problem of
this
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trend is that
jobs
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are lost and transferred to
lower cost
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lower-cost
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countries
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. 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
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, including 2.4 million manufacturing
jobs
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. For that reason, workers in developed
countries
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like the US face pay-cut demands from employers who threaten to export
jobs
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. 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
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.
However
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, it has
dark
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a dark
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side too.
Submitted by lfcheng0519 on

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