Countries should restrict foreign companies from opening offices and factories in order to protect local businesses. Do you agree or disagree? Give reasons and specific examples to explain your answer.

It is often considered that foreign
companies
pose a threat to local businesses and,
therefore
, access should be closed for them. I strongly disagree with
this
point of view and think that foreign investments play an important role in the economic development of any state.
First
of all, the widespread involvement of foreign
companies
contributes to a decrease in unemployment in the
country
and an increase in state budget revenues. With the organization of production in the host
country
Add a comma
,country

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there is no need to import the
products
from the previous
country
.
In addition
, firms that produce
products
that are competitive on the world market and are mainly export-oriented can significantly strengthen the host
country
's foreign trade positions.
For instance
, organizations in my home
country
have used
this
method and have received positive results. The
second
reason why foreign firms are beneficial to the host
country
is that they improve the quality of production. Their activities force the administration of local
companies
: to make adjustments to the technological process, allocate more funds for training and retraining of workers, pay more attention to the quality of
products
, their design and consumer properties. Most often, foreign investments are based on the introduction of new technologies, the release of new types of
products
, a new management style, and the use of all the best practices of foreign business.
For example
, thanks to American, German and Japanese
companies
and their advanced technologies, the production and sale of goods in my
country
has improved. In conclusion, foreign
companies
play a considerable role in the modern world. In my opinion, they entail many positive aspects that should give them access to doing business in other countries.
Submitted by mar16.f on

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