Countries should restrict foreign companies from opening offices and factories in order to protect local businesses. Do you agree or disagree? Give reasons and specific examples to explain your answer.

Business
is a significant portion of the economic development of a country.
Business
includes local markets and foreign factories running in various industries. The collaboration between small and big companies is important to boost nations' economic progress.
Hence
,
this
essay will explain and provide examples of why governments should welcome foreign offices and investors to support local
businesses
.
Firstly
, the coming of foreign markets is considered as the coming of new knowledge and innovations.
For example
, the establishment of the biggest fast-food chain, referred to as
McDonalds
Change to a genitive case
McDonald's
show examples
from America, in Asia birthed a new concept for Asians in building their own stores. Welcoming other
businesses
is
also
learning from their strategies and adopting their best practices in order to achieve success in the
business
world.
Furthermore
, attracting foreign investors will provide better opportunities for local
business
owners to expand their
businesses
in the global market. To illustrate
this
is to consider the rice
business
in Vietnam, wherein they encourage foreign offices to support their
business
, through finance and influence, so that they could export their products in Western countries.
As a result
, Vietnam is known as one of the most reliable countries exporting rice all over the world. In conclusion, different governments should open their countries to other industries and investors from other nations to be able to increase the success of their economic development. With new ideas, knowledge, innovations, and financial support from foreign
businesses
, local
businesses
may flourish providing opportunities for
business
owners to improve and expand their
businesses
internationally.
Submitted by melcastillo15 on

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