Multinational companies are becoming increasingly common in developing countries. What are the advantages and disadvantages of this?
It is becoming more popular in developing nations to see multinational corporations. There are some benefits
for
Change preposition
to
this
trend such
as the progress in the economy they create in these countries and the availability of jobs, however
, the shut down
of some small local businesses and the lower selling rate of local Correct your spelling
shutdown
products
can be its drawbacks.
The main advantage of the increasing number of these types of companies is the economic progress. That is
to say, if multinational organizations operate in less-developed nations, this
can bring wealth which boosts industries, trade, and other aspects of the economy. Moreover
, more jobs will be available for the local people. That is
because more workers and managers are needed to work for these companies which can be a good opportunity for locals to find a job. For instance
, after opening a branch of Apple company in Dubai, many local graduates were thrilled by the good news of being accepted to work under this
renowned company.
However
, one of the main disadvantages of this
trend is the drop in the selling rate of the
local Correct article usage
apply
products
. That is
because of the good reputations and qualities of international items, and, thus
, citizens might refrain from buying their local products
. Another disadvantage is that some small local shops could be closed. That is
due to
the unfair competition with these huge strong establishments, and as a result
, some might be shut down or go bankrupt. For example
, many amateur Syrian entrepreneurs, and
after the harsh competition they had with Correct word choice
apply
international
textile Add an article
the international
an international
corporation
, were forced to close their fabric factories.
In conclusion, Fix the agreement mistake
corporations
although
the advantages of the popularity of multinational organizations in developing countries are the economic progress and the improvement in the job market, nonetheless
, its downsides are the drop in the average selling of local products
and the closure of some small businesses.Submitted by sapphire on
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