Globalization has led to the proliferation of multinational corporations, often at the expense of local businesses. Discuss the positive and negative impacts of this trend.

#globalization #proliferation #corporations #expense #businesses #impacts #trend

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It is believed that transnational

companies

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have grown under the reign of global integration and

this

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increase has become a costly affair for local

firms

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Although

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such

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expansion has some positive impacts like job creation and highest salaries, it has adverse effects in terms of loss for local businesses and their survival.

To begin

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with, there are numerous pros of an upsurge in international

firms

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due to

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internationalism. Foremost, multinational

companies

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bring along an opportunity to create employment by recruiting local people to fill the vacancies in their newly established branches in a particular nation.

For example

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, Amazon, a worldwide e-commerce unit, gave 1 million jobs when they started their new outlets in Asia-Pacific countries like India, Sri Lanka et cetera.

Hence

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, it can be beneficial for the citizens of third-world countries to get their dream jobs in MNCs.

In addition

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, because big

firms

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have subsequent funds to run their business, they not only offer a good wage rate to their employees but they

also

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provide incentives and promotions.

On the contrary

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, local businesses have to bear the dire consequences of

this

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phenomenon. Primarily, local units have to face economic losses

due to

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globalized

companies

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since they do not have enough capacity to compete with them both financially and technologically.

For instance

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, as per a meticulous survey of the Guardian Newspaper in March 2022 revealed that regional manufacturers had been struggling with their daily expenses since the international

companies

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captured their customers.

Thus

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, big

firms

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provide discounted products by using cost-effective technology, which is a threat to the existence of local units.

Moreover

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, where MNCs deal with multiple products and big malls, local

firms

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with a single local product may face identity loss issues.

To conclude

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, it is unequivocal that globalization is the leading cause of the bloom of international businesses at the cost of regional

firms

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and

this

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trend has both merits and demerits as a whole.

Submitted by Mrjit147 on Fri Aug 09 2024

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Language

Consider diversifying the range of vocabulary used to describe the advantages and disadvantages of multinational corporations. This will add richness to your writing and exhibit a higher command of the language.

Structure

Ensure that each paragraph has a clear topic sentence that directly relates to the main task of discussing both the positive and negative impacts of multinational corporations. This can strengthen your coherence even further.

Structure

The essay is well-structured with a clear introduction, body paragraphs, and a conclusion.

Examples

Each main point is effectively supported by relevant examples, such as the mention of Amazon's job creation in Asia-Pacific countries.

Coherence

The use of transitional phrases helps maintain a logical flow between ideas, making the essay easy to follow.

Your opinion

Don’t put your opinion unless you are asked to give it.

If the question asks what you think, you MUST give your opinion to get a good score.

Don’t leave your opinion until the conclusion.

Here are examples of instructions that require you to give your opinion:

...do you agree or disagree?...do you think...?...your opinion...?

Discover more tips in The Ultimate Guide to Get a Target Band Score of 7+ »— a book that's free for 🚀 Premium users.

14
Linking words
meeting the goal of 7 or more
2
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

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Overall Band Score

Coherence and Cohesion: 7.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 8.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

318 words

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Globalization has led to the proliferation of multinational corporations, often at the expense of local businesses. Discuss the positive and negative impacts of this trend.

Your opinion

Nowadays we see an increase in social problems involving teenagers. Many people believe that it is because parents spend more time at work and less with their children. Do you agree or disagree?

Some people believe that professional athletes serve as positive role models for young people, while others argue that their behaviour both on and off the field, can have negative influences. Discuss both sides and give your opinion.

Professional sports people are often idolised by young children. Some people think that they therefore have a responsibility to be good role models at all times for children. Do you agree or disagree?

Pollution and other environmental problems are resulting from a country's developing and becoming richer. Some think this can not be avoided. To what extent do you agree or disagree