Because of the global economy, many goods including what we use as everyday basics produced by other countries have to be transported for a long distance. TO what extent do the advantages outweigh the disadvantages?

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Due to
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emerging globalisation, many
items
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that are used on a daily basis and are manufactured abroad, need to be imported.
This
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essay will demonstrate that people get a variety of options to choose from but will
also
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show how local producers are affected. Whilst acknowledging that there are benefits, the essay will argue that the disadvantages outweigh the advantages. One of the main advantages is that it increases customer satisfaction.
Due to
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the internet and multinational companies, citizens are aware of the
products
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available around the globe.
Therefore
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, they are interested in purchasing
items
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of their choice regardless of where they come from.
Furthermore
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, possession of
such
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things serves as a status symbol. A reason could be sensitivity. New migrants may intend to purchase
products
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that they have been utilising in their previous host country.
For example
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,
due to
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sensitive skin problems, women purchase skin care
products
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that suit them,
whereas
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, these
products
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might be manufactured in a different region.
Hence
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, the availability of
items
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from various areas levels up the scope of consumer contentment.
However
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, the regional manufacturers suffer adverse consequences.
Firstly
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, their
products
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are sold less
due to
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price factors. Giant corporations have production strategies where they produce things at a reasonable price,
whereas
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, local producers have a high cost of production. Because of low ,profit they are incapable of meeting the demands of customers.
For instance
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, Nepal is a rich country in terms of herbal plants. Unfortunately, the local market that makes daily use
products
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like soap and toothpaste with herbs struggles to sustain itself
due to
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high competition with multinational companies.
Hence
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, insite producers should be protected by buying their
products
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. In conclusion,
although
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most required
items
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are imported, local markets should be safeguarded to boost the national economy and employment.
Hence
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, the drawbacks of multinational companies'
products
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outweigh the benefits.

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Topic Vocabulary:
  • Global economy
  • Consumer choice
  • Economic benefits
  • Job creation
  • Gross Domestic Product (GDP)
  • Infrastructure
  • Standard of living
  • Cost efficiencies
  • Raw materials
  • Production processes
  • Specialization
  • Environmental impact
  • Carbon emissions
  • Pollution
  • Supply chain disruptions
  • Local industries
  • Cultural dilution
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