Certainly, more and more international cooperations start their business in developing nations. In this essay, I will outline the positive and negative impacts of this development.

Certainly, more and more international cooperations start their business in developing nations. In

this

essay, I will outline the positive and negative impacts of

this

development. There are, I feel, two main advantages.

Firstly

, it brings numerous job opportunities to locals. When these big

companies

come in , they usually have to hire local people to work for them, in turn enabling residents to have more chances to be employed. What

this

does is make it incredibly beneficial.

Secondly

, they generate tax revenue for governments. China,

for instance

, which is an underdeveloped country, has attained a great amount of revenue from foreign

companies

. As

such

, they can support the infrastructure and improve citizens’ standard of living, which is why multinational

companies

bring benefits.

However

, I believe there are still some drawbacks and perhaps the most obvious one is they can hurt the local small business. If counties import a number of international

companies

locally, people tend to purchase their better-quality products than locally

manufactured

Correct pronoun usage

onesmanufactured

show examples

, and

this

inevitably reduces sales of domestic

companies

and is potentially extremely harmful.

For example

, small businesses in Guangzhou, which are selling local handicrafts and other traditional commodities, face tough challenges from international brands, resulting in them losing market share and going bankrupt, and

this

ultimately makes them disappear.

Overall

, there are both pros and cons regarding multinational

companies

becoming a trend in many developing countries.