The growth of multinational companies and the resulting rise of globalization creates positive effect for all. To what extent do you agree or disagree ?

There have been debates regarding the

developing

Replace the word

development

show examples

of worldwide enterprise and the leading increase of globalism produces benefits for everyone. I personally disagree with

this

viewpoint, the reasons to support my opinion will be discussed in the following paragraphs.

To begin

with, it might seem reasonable for some people to argue that the advancement of multinational companies provides advantages for all

countries

as a multinational corporation helps the technological growth of the

country

as well. They bring new innovations and technological advancements to the host

country

.

In addition

, They help modernize the industry in developing

countries

.

For instance

, the phenomenon by which millions of people have interconnected thanks to the power of the digital world via platforms

such

as Facebook, Instagram, Skype or Youtube.

However

,

this

is probably because they believe that

globalization

increases direct foreign investment in the

country

,

this

slowly gives rise to the establishment monopoly of foreign institutions in the

country

.

Moreover

, the mechanization of industries increases the chances of unemployment in developing

countries

. At the same time, global economic growth and industrial productivities are both the driving force and the major consequences of

globalization

. They

also

have big environmental consequences as they contribute to the depletion of natural resources, deforestation and the destruction of ecosystems and

loss

Correct article usage

the loss

show examples

of biodiversity. The worldwide distribution of goods is

also

creating a big garbage problem, especially on what concerns plastic pollution. Despite its benefits, the economic growth driven by

globalization

has not been done without awakening criticism. The consequences of

globalization

are far from homogeneous: income inequalities, disproportional wealth and trades that benefit parties differently. In the end, one of the criticisms is that some actors (

countries

, companies, individuals) benefit more from the phenomena of

globalization

, while others are sometimes perceived as the “losers” of

globalization

. As a matter of fact, a recent report from Oxfam says that 82% of the world’s generated wealth goes to 1% of the population.