Many multinational
companies
move to developing countries to reduce labour expenditures. Use synonyms
Consequently
, many employees in native Linking Words
firms
could face unemployment as their Use synonyms
companies
collapse, and local communities may suffer from ailments Use synonyms
due to
environmental pollution. Linking Words
However
, these adverse ramifications could be mitigated by giving tax incentives to local Linking Words
companies
and applying stricter judicial punishments.
Use synonyms
To begin
, there are various effects from the industrial manufacturing chain movement to the third world. Linking Words
Firstly
, international corporations could use more automated production lines, which require less labour and produce higher productivity and better quality products. Linking Words
Hence
, these ventures occupy higher market shares over local Linking Words
businesses
, leading to massive layoffs as local enterprises collapse. Use synonyms
For example
, many native Linking Words
firms
struggle with their cash flow as they record lower revenues and marginal profits compared to the previous year. Use synonyms
Consequently
, native bosses decide to optimize their Linking Words
businesses
and remove low-performing workers. Use synonyms
Secondly
, the communities surrounding these factories have suffered a variety of health issues since these foreign Linking Words
firms
started building their factories. Investigations have shown high levels of air pollutants and dust from coal mines and industrial waste treatment. Reports have concluded that foreign Use synonyms
companies
, including Samsung Electronics, violated some environmental regulations, leading to human health impairments in the surrounding society.
Use synonyms
Nevertheless
, the following remedies could address these ramifications. Linking Words
Initially
, governments should protect their native Linking Words
businesses
by offering special financial incentives. Use synonyms
For instance
, reducing tariffs for local Linking Words
businesses
could help them compete with large foreign Use synonyms
firms
. Use synonyms
Furthermore
, authorities should enforce stricter financial and legal punishments for the executives of these ventures, requiring them to weigh the advantages and disadvantages of their decisions. Linking Words
Lastly
, stricter financial penalties should be enacted to deter selfish entrepreneurs, and the funds collected could be used for environmental projects like planting more trees.
Linking Words
To conclude
, massive employee layoffs and deteriorating human health conditions are the most serious consequences of these industrial movements. These ramifications could be alleviated by introducing tax incentives to local Linking Words
firms
and implementing stricter punishments.Use synonyms
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