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

The popularity of multinational

companies

is widespread in developing nations. In the following ,essay I will discuss the pros and cons of these multinational

companies

for the country and elaborate on them. One of the main benefits is that it not only helps the country to be developed faster but

also

it helps the economy to flourish. These multinational

companies

have a positive effect on the country itself and it is because these

companies

are very lucrative for the government

therefore

the government itself may spend the money for the people.

Hence

it is a win-win situation. Another positive aspect of these multinational

companies

is that it provides job opportunities to locals. It is evident that these business conglomerates are massive and have different sectors that are required to be monitored all the time.

Therefore

, job demands for these

companies

are high.

For instance

, Apple has many branches all around the world so it hires many locals for its different sectors. One of the downsides of these

companies

is that small

retailers

bear the full impact of their presence.

It is clear that

people have a high tendency to their products and they prefer to buy products from multinational

companies

rather than small

retailers

.

For example

, Nike has numerous branches all around the world and many people would prefer to buy their athletic clothes in Nike’s shop.

Hence

,

retailers

will not sell as much as these multinational

companies

. In conclusion, despite the fact it has some advantages

such

as economic improvement and creating jobs for locals, it has disadvantages which may be worth taking into consideration

such

as small

retailers

bearing the full impact of business conglomerates.