The spread of multinational companies and globalization is increasing with time. Some people say that it will bring positive effects for everyone. Do you agree or disagree?

The advancement of multinational
companies
and
globalization
is increasing across the world so according to some
this
trend has a positive impact on both the individual and country. In my opinion, I agree that the proliferation of multinational business and
globalization
will produce unprecedented results for the
people
. With the investments of multinational
companies
in the local markets, the problem of unemployment is eradicated.
For instance
, IBM India offered hired thousands of fresh graduates and experienced professionals
last
year. Due to
this
,
people
have been earning handsome salaries and eventually, their lifestyle has improved to a greater extent. They can now easily handle their family expenses and
fulfill
Change the spelling
fulfil
show examples
their needs.
Such
developments,
therefore
, generate better results for the
people
as these
companies
provide them ample employment opportunities. Another point to consider is that the spread of the conglomerates helped especially developing countries to manufacture foreign goods locally which eventually bolster their economy.
For example
, the import of foreign goods in China reduced
last
year as most of the global
companies
have set up their factories there locally.
Consequently
, there is an outstanding growth in their GDP that made them one of the prosperous nations on
this
planet.
Finally
,
globalization
fosters the tourism industry, thereby, promoting a better understanding of other cultures. Experiencing different ways of life, discovering new food and customs will significantly help
people
to gain knowledge and respect for other cultures. In conclusion, the proliferation of multinationals and
globalization
plays a vital role in the growth of the nation's economy.
In addition
, it not only assist in the proper utilization of human resources but
also
people
get insights about different cultures.
Submitted by nitin.bagga87 on

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