Nowadays many companies have manufacturing facilities in different countries. Does this development have more advantages or disadvantages?

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It is being observed that many
firms
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nowadays are more interested
into
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in
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having manufacturing
units
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in various
nations
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. Ostensibly,
this
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trend has multifarious benefits to
companies
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in the form of saving a huge cost of transportation across the borders and generating mass employment for other
nations
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.
To begin
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with, the facilities of production in different
nations
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are conducive for
companies
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in order to save the cost of
custom
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customs
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duties to transport goods in various
nations
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. To explain, there are many licenses and certificates that
companies
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have to obtain before
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the import
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import
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importing
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or export of goods from one country to another and
this
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process involves a lot of money.
In addition
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, when
companies
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set up manufacturing
units
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in other
nations
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, they can generate their products as per the demand of that area,
this
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may
increadibly
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incredibly
increasingly
increase their profit and goodwill among customers due to quick delivery of products. A survey conducted by The Guardian newspaper in March
,
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apply
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2015
that
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apply
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manifestly revealed that 75% of
companies
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had been setting up more production facilities in different
nations
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since these made them able to increase the growth of their business tremendously.
Furthermore
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, a section of society has raised a concern
of
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about
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involvement
Correct article usage
the involvement
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of
a
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apply
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huge funds at the time of installation of a totally new production unit in other countries;
however
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,
this
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disadvantage can be removed in long run and
also
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by making good connections with local
companies
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. To clarify,
multinations
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multinational
multinationals
companies
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often set up
such
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units
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especially
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,especially
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in
third
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world countries with the help of local
firms
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which have many benefits to the domestic
firms
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of that
nations
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and to the citizens
also
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in terms of appointing local people to work in these
units
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.
For instance
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, not only can it ramp up the process of job creation for common people but international support and links for local
firms
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can
also
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be seen to enhance their business. To conclude, it is unequivocal that the idea of having manufacturing facilities in various
nations
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by many
companies
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is having more advantages in terms of
cost effective
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cost-effective
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method
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methods
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for
such
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companies
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and a large number of employment creation.
Submitted by Mrjit147 on

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