It is argued that the proliferation of global corporations and internationalization offers benefits to all people. I agree with the aforementioned statement because of reasons relating to a higher
of employment and enhanced cross-cultural communication skills.
,
trend brings more job opportunities for local residents. Since international firms, which open their branches in different countries, require a high
of workforce, they will need to recruit more local employees to operate the business.
, the natives are offered a decent occupation with lucrative incomes to cover their living expenses and in some cases, spend more generously on their shopping.
, Samsung, a renowned Korean technology corporation, has created a large number of jobs for Vietnamese since 2018, through cooperating with the local government to successfully tackle the high unemployment rate in Vietnam.
, people have a chance to develop multicultural communication skills as
is promoted. On a personal
, it is now easy for workers to learn about foreign cultures and customs, enabling them to acquire more knowledge and insight into varying international practices. As they are exposed to cross-cultural diversity in their working environment and society, they become more able to show empathy and tolerate cultural differences. At the company
,
leads to a more diverse range of potential business partners and diversifies their investment portfolios, which contributes to their profit generation.
, having global partnerships is essential for businesses to compete in the growing international market.
, it is important to acknowledge that
itself is a threat to local businesses. With the impact of
, more and more new products are becoming available in the market and people have choices.
, there is greater competition in the market.
, local trades, particularly small and medium businesses might not survive in the long run and
has negative consequences on the local economy.
In conclusion,
I acknowledge the positive impacts of multinational companies and
,
as more jobs in local areas and better cross-cultural communication, the negative consequences on local business cannot be ignored.
requires implementing policies and regulations that promote sustainable development and support domestic enterprises
harnessing the opportunities presented by
.