Some people believe that the activities of large multinational corporations mostly benefit the economies of developing countries. Other people take the opposite view and feel that these large multinationals are general harmful. Discuss both views and give your opinion

It is widely thought by some that the practices of massive international companies could support the economies of the emerging nations, whereas some could be considered as threats for taking advantage of those countries. In my opinion, I believe that foreign corporations are essential for developing countries in

term

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terms

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of opportunities and employment, while there are drawbacks to the environment and local businesses.

To begin

with, it is readily apparent that the global firms create the chances for working and income and their technology and knowledge has positive impacts on the development of individual and societies.

Firstly

, when global entities have entered the emerging market, the hiring and production processes begin which generate income and wealth for people and nations.

For instance

, in South East Asia , there is a growing

in

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number

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a number

the number

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of cars manufactured by both Japanese and European firms on which the factories are based, with the result of

increase

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an increase

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in Gross Domestic Production per capita.

Secondly

, the

tecnhological

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technological

advancement and knowledgeable asset could certainly be transferred to workers.

Therefore

, these improve the personal and general skills and competencies of the employees.

On the other hand

, the entry of foreign businesses could lead to environmental problems and the collapse of local companies. The presence of factories or buildings could affect the environment,

such

as deforestation and pollution.

Therefore

, the contamination and lower green areas result in health and medical issues for its population. And

then

, the domestic entities might be on the verge of extinction. Adaptation and continuing of local could not be finished in the certain time. As a consequence, it will be disrupted and

disappeared

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from

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the

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in the near future. To sum up, the advantages and disadvantages of global firms entering the developing countries should be weighed. Government and communities should collaborate and consider the benefit and consequences that could be damaged in the short and long terms.