Some people think the spread of multinational companies and globalization produces positive outcomes for everyone. Do you agree or disagree with this statement?
The advent of global corporations and
globalisation
is viewed as an overall net positive for the
everyone. In Correct article usage
apply
this
essay, it is argued that globalisation
has indeed created win-win outcomes for most countries
, however
there are some shortcomings that Add a comma
,however
needs
to be addressed along the way.
The advent of trade and Change the verb form
need
globalisation
had
led to the creation of multinational conglomerates, which provided the scale and reach necessary for Unnecessary verb
apply
increase
in global economic growth. During the days of autarky, Add an article
the increase
an increase
countries
did not trade and invest much in each other, which meant that overall economic growth was low. But, ever since the advent of globalisation
we have had multinational corporations create global supply chains to take advantage of cheap labour costs in many countries
. This
has led to an increase in living standards for countries
like China and India, which allowed them to become very prosperous. The availability of cheap goods has also
enriched developed countries
and their corporations, thereby creating a win-win outcome for both sides involved.
On the other hand
, mega-corporations have also
created several ecological disasters which are affecting entire countries
to this
day. For example
, British Petroleum extracted oil and gas from Nigeria through cheap methods which generated a lot of toxic by-products. This
waste product had
led to a steep increase in cancer rates and several other diseases amongst the local populace. But, BP on account of its size was able to skirt regulations through bribes and Unnecessary verb
apply
were
not held accountable. Change the verb form
was
Hence
, global conglomerates while conducting their operations remain loosely accountable for any damage caused by their actions.
In conclusion, while globalisation
has created net positive outcomes for all parties involved it needs to become more fair and transparent regarding its shortcomings to become sustainable. Overall, if there are global regulations enacted to deal with the harmful actions caused by some multinationals , globalisation
will ensure a prosperous future for all of humanity.Submitted by rohit.pandeyecon on
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