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

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development

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

this

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

To begin

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

countries

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as a multinational corporation helps the technological growth of the

country

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

country

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.

In addition

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, They help modernize the industry in developing

countries

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.

For instance

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

such

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as Facebook, Instagram, Skype or Youtube.

However

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,

this

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is probably because they believe that

globalization

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increases direct foreign investment in the

country

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,

this

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

country

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.

Moreover

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

countries

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

globalization

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. They

also

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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

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of biodiversity. The worldwide distribution of goods is

also

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

globalization

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has not been done without awakening criticism. The consequences of

globalization

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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

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, companies, individuals) benefit more from the phenomena of

globalization

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

globalization

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. 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.