Some people believe that the activities of large multinational corporations mostly benefit the economies of developing countries. Other people take the opposite view and feel that these large multinationals are generally harmful. Discuss both views and give your opinion.

it is often argued that the actions of huge global

companies

are beneficial to

countries

with developing economies, while others believe that these

companies

have a negative effect. In my opinion,

although

multinational

companies

have some harmful impacts, I believe that they benefit the

countries

in which they do business. A growing body of research suggests that multinationals have a generally positive effect on the economies of developing

countries

. One key benefit is that international investment can help to create job opportunities for local people.

This

can lead to an increase in wages. Taking Turkey as an example, employees of multinational

companies

earn around 15% more than the staff of local

companies

.

However

, there are

also

negative impacts which must be considered. One important issue is that multinational

companies

can take customers from local

companies

.

This

means that some local businesses are likely to close down.

For instance

, global chains

such

as

Mcdonalds

Change noun form

Mcdonald's

Mcdonalds'

show examples

and Coca-Cola have a much larger budget for advertising, allowing them to increase their market share at the expense of local restaurants. In conclusion, while multinationals can benefit developing

countries

by creating jobs, they can

also

threaten small businesses.In my opinion, despite having some negative effects, I believe multinational corporations are generally beneficial.