In some developing countries, people prefer to invest their money in businesses outside their own country. What are the reasons for this? What can governments do to change this trend? Give reasons for your answer and include any relevant examples from your own knowledge or experience. Write at least 250 words
It is an undeniable fact that for a business to be successful, the income must be greater than the outgoings.
Thus
, some people believe in investing in international businesses rather than supporting local ones. This
essay will discuss this
viewpoint and what can be done to change it.
A profitable business is a successful business. In order to increase profits, it can be prudent to invest in international companies. For example
, wealthy investors from India
may choose to invest in a company selling lunchboxes in the UK due to
the selling price. The same lunchbox that can be sold for Rs. 250 in India
is sold for £10 in the UK, making it a four-fold increase in profits. If they chose only to invest in local markets, it would take longer to reach the same profit margin, if at all.
However
, investing in local businesses has a knock-on effect which is beneficial to the country, thus
the government has a role to encourage angel investors to keep their money in circulation in their own country. For instance
, the government of India
started an initiative called "Made in India
" to endorse local companies, encouraging the rich to invest at home. Without changes like this
, the number of jobs available to the community would remain low, keeping many in poverty.
To conclude
, the main reason for investing internationally can be overturned by the government, thus
I believe they should use their power to increase profits in their own countries, creating jobs and helping the economy.Submitted by patelmeera on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.
task achievement
You have provided a complete response to the task and included relevant ideas and examples. However, expanding on your points with more detail and specifics could strengthen your arguments. For instance, mentioning more government initiatives besides 'Made in India' would offer a fuller picture.
coherence cohesion
To improve coherence and cohesion, consider using more linking phrases and connective words to transition smoothly between paragraphs and ideas. This will enhance the logical flow of your essay.
introduction conclusion present
Your introduction effectively sets the stage for the discussion by clearly stating the issue and what the essay will cover. This helps the reader understand the context from the beginning.
introduction conclusion present
Your conclusion succinctly sums up the main points and provides a clear opinion, which reinforces the arguments made in the essay.
relevant specific examples
You've used relevant and specific examples, such as the 'Made in India' initiative, to support your points, which adds credibility to your arguments.