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.

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We are in an era,where global
companies
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put their footprints all over the world despite the geographical boundaries. The trend is boosted by the development in the telecommunication and transport sector. At the
sametime
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same time
,
this
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has caused a rivalry between local and international businesses too.Some believe that there should be limitations to establish multinational
companies
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within the
country
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.But, I am not agreeing with that point.
Firstly
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,any of the global
companies
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do not just bring their product to a
country
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.Their establishment brings a huge amount of foreign investments to the
country
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.
Also
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,
this
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creates a lot of job opportunities for locals and that will uplift the entire community as well.
For example
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,the BOI zones formed in Katunayake and Koggala in Sri Lanka has boosted the economy of the
country
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by creating thousands of job opportunities.
Further
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, these developments entirely change the lifestyles of neighbouring communities by generating a lot of indirect income sources like accommodation.
In addition
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to the social impact,those investments have become the key reason to develop the telecommunication and electricity infrastructure in the area
also
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.Apart from the social and economical aspects,people will be able to experience global products and services due to those foreign
companies
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.
This
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eventually helps to uplift the quality of local products too.
However
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,there are few disadvantages that cannot be neglected. One
such
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thing is the threat to the inherited industries within the
country
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. A clear example is the local health and medicine industry in Sri Lanka,which has been fading away throughout the
last
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decade or two. The same situation has been occurring with handmade clothes, another prominent industry in the
country
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once.
Finally
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,it is obvious that there are few drawbacks in allowing global businesses to establish within the
country
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.But, there are plenty of positive things that can outweigh the negatives.
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