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

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,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.