Multinational companies are becoming increasingly common in developing countries. What are the advantage and disadvantages of this?

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In various underdeveloped nations around the world, the existence of intercontinental enterprises became widely accepted. While
this
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offers few advantages, there is
also
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a number of disadvantages which are worth considering. There are two main benefits of dealing with multinational corporations.
Firstly
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, these giant institutions have common multiple financial resources.
For example
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, HSBC bank is owned by different countries, and each of them has a personal share.
Such
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banks can provide excellent support to developing countries during crises.
In addition
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, international business is growing faster each day,
thus
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, the privilege of having multinational
companies
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is to facilitate and transfer the experiences,
besides
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, the cash flow.
Therefore
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, these types of
companies
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are becoming inevitable for the economic growth of some cities.
Conversely
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, various drawbacks may be noted. In the
first
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place, is the extreme influence and power of similar organizations. They can easily change the political map of any country or interfere with the decision-makers policies and guidances.
For instance
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, wars and conflicts between countries were initiated due to oil industry disagreements, as Iraq and Iran war in 1985.
Additionally
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, the loyalty of
such
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companies
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is not related to the places where they have their business. Due to that, they might not stand by any situation or cause that require national support.
Hence
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, governments have to pay attention to
such
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companies
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. In conclusion, multinational
companies
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can provide developing areas with support in terms of cash flow and experience.
However
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, they might
also
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interfere in their interior decisions and not paying attention to national issues.
Submitted by moh_zno on

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Topic Vocabulary:
  • multinational companies
  • developing countries
  • job creation
  • unemployment rates
  • living standards
  • new technology
  • knowledge base
  • infrastructure development
  • exploiting
  • local workers
  • low wages
  • poor working conditions
  • negative impact
  • dominate
  • market
  • environmental degradation
  • sustainable practices
  • cultural homogenization
  • global brands
  • pervasive
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