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

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Multinational corporations are becoming increasingly normal in developing
nations
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.
This
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essay will
first
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suggest that creating more job opportunities is the primary benefit of multinational firms, while possible domination
on
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of
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the economic situation of developing
countries
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is its main drawback. The main disadvantage of multinational companies in developing
nations
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is
its
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their
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significant impact on the
economy
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of those
countries
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.
This
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is to say
,
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since developing
countries
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suffer from a poor
economy
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, they are highly influenced by big corporations. Multinational firms try to invest in key economic sectors of
countries
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to take their
economy
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under their control, which would limit the power of
nations
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over their
economy
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after a while.
For instance
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, after 10 years of Hamdam, an Indian multinational company, in Iran, it started to dominate the Iranian
economy
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, which led to a conflict of interests between the corporation and the state in terms of economic policies.
However
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, multinational companies are considered as a significant help for developing
nations
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in terms of creating job opportunities.
In other words
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, those firms invest a large amount of money in order to launch different projects, something that requires hiring local people, and
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consequently
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,consequently
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it results in reducing the unemployment rate in developing
nations
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.
For example
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, since 2012 when big multinational corporations, like Zelodon,
Humtes
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Humates
, and Sahara started their activities in Iran, the unemployment rate dropped by 5%. In conclusion, multinational companies benefit developing
nations
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in terms of creating more job opportunities, while they, in some cases, could dominate the
economy
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of those
countries
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.
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    • Sentence 1 - Topic sentence
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Topic Vocabulary:
  • Globalization
  • Multinational corporations (MNCs)
  • Foreign direct investment (FDI)
  • Developing economies
  • Infrastructure development
  • Capacity building
  • Cultural diversity
  • Sustainability
  • Corporate social responsibility (CSR)
  • Technological transfer
  • Economic disparity
  • Market saturation
  • Brain drain
  • Indigenous industries
  • Expatriate management
  • Trade imbalance
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