Many People say that globalization and the growing number of multinational companies have a negative effect on the environment. Use specific reason and example to support your answer. To what extent do you agree or disagree.

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These days, the development of the economy is on a fast track leading to a revolution in the entire nation.
However
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, there are a few significant cons of
this
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on the nature and large scale organizations are contributing heavily in the degradation of it. I agree with the given statement to a certain extent. In
this
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essay, I will explain the reasons and possible solutions as well.
To begin
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with, the foremost factor leading to the deterioration of the environment is the excessive utilization of raw materials.
Moreover
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, these are available inside the surface of the earth at greater depths which requires extreme digging and deforestation methodologies.
As a result
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, it disturbs the natural ecosystems. To illustrate it
further
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, Adani group is a multinational company that deals in sales of fossil fuels and they received a new project where involves the exploitation of these resources.
Furthermore
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, it lead to the extinction of many species located in that area. So, companies like these are the main reason for the disasters in the wildlife.
On the other hand
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, factories are
also
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the main factors that are causing the betterment of communities.
Firstly
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, they provide a huge number of jobs for the market which allows people to earn higher and live a better life.
Secondly
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, they are
also
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the reason for bringing improvised standards of living for the citizens.
For example
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, Reliance which has its presence in multiple countries despite being an industry that consumes natural ores provided a plethora of products
such
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as better internet and cheaper phones which are crucial for a country like India.
Next
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, it paved the path for employees to from home during Corona by facilitating faster internet.
Thus
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, it helps nation upliftment. In conclusion, these industries are playing a pivotal character in both development and damage.
However
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, if not planned strategically it would yield more bad than good.
Also
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, they should be regulated by the government which
otherwise
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would have devastating effects on earth.
Submitted by manojvamc on

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