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?

There are two points of view on the impact of multinational

companies

on developing countries. Some people argue that they bring disadvantages to the countries

while

some believe that it is beneficial. In my opinion, I think having these

companies

has strong benefits for developing countries. First of all, a typical multinational company is usually a very big corporation which has a huge number of employees.

This

leads to a large number of work opportunities opened to the local citizens, giving room for people to increase their financial situation.

For instance

, GoTo company, one of the leading technology

companies

in Indonesia has given more than thousands of people an opportunity to work. Based on recent data, GoTo contributes to almost 3% of Indonesia’s GDP, proving its strong support to the country. Second of all, the rise of multinational

companies

often leads to an acceleration of technology growth

that is

helpful to the natives.

For example

, after ride-hailing

companies

such

as Grab and Gojek became popular in Indonesia, risk and security technology increased significantly. Research on face recognition, sound recognition and safe authentication features happened rapidly. These features end up not only being implemented in ride-hailing

companies

but

also

in other industries, including education and e-commerce. As an example, some schools and universities in Indonesia now utilize face recognition features to confirm attendance. In conclusion, I am well aware that a large corporation might harm the country.

However

, I do think that it brings more advantages that, if being monitored regularly, can outweigh its potential harm.