Multinational companies are becoming increasingly common in developing countries. What are the advantages and disadvantages of this?

companies
with a wide variety of nationalities are getting significantly popular in growing countries.
This
phenomenon has upsides like managing and developing the company using employees from more advanced territories.
However
, they may become competitors of local firms and cause financial issues
to
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for
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them. Having multinational
companies
in a region means bringing individuals with different backgrounds, cultures, and educations to that place which leads to
enhancement
Correct article usage
the enhancement
show examples
of people's mindset growth. To illustrate, if some Europeans, Americans, and Australians move to a developing country like Turkey to work for those
companies
, they will bring their thoughts, behaviour, and culture as well.
Therefore
, little by little, their coworkers will get influenced by them and will show Improvement in their personalities.
This
Will spread all around the cities and soon local people would have a better way to think and live. The results of recent research shows, gossiping in Denizli city
where
Correct word choice
which
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is located in Turkey has decreased by 50% in only two years
due to
copying
American
Correct article usage
the American
show examples
lifestyle they have seen in their colleague's routines. It simply shows by merging cultures the ones in third or second-world countries can benefit from it. On the other side, these firms are able to use
science
Correct article usage
the science
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and technology of other parts of the world thanks to their International workers.
Hence
they may become more successful in an area and pose a danger of bankruptcy for peer businesses Recent research revealed that 25% of all businesses have
been
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apply
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disappeared after being incapable of competing with their rivals. In conclusion,
while
multinational
companies
are growing in developing territories it can be beneficial for enhancing
culture
Add an article
the culture
a culture
show examples
of the area,
Although
it can have awful effects on regional jobs. I personally believe
this
is a positive development and side effects can be tackled by suitable approaches
Submitted by mahsa_hasanikousha on

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Topic Vocabulary:
  • Globalization
  • Multinational corporations (MNCs)
  • Foreign direct investment (FDI)
  • Developing economies
  • Infrastructure development
  • Capacity building
  • Cultural diversity
  • Sustainability
  • Corporate social responsibility (CSR)
  • Technological transfer
  • Economic disparity
  • Market saturation
  • Brain drain
  • Indigenous industries
  • Expatriate management
  • Trade imbalance
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