In recent times, we
canVerb problem
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observeWrong verb form
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a significant increase in the number of multinational
companies
in developing countries. Whether
this
is a positive development or not remains to be a contentious topic,
this
essay discusses both the advantages and disadvantages of
this
trend.
Developing countries are an attractive
placeFix the agreement mistake
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for
establishmentAdd an article
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of multinational
companies
as they provide cheap
laborChange the spelling
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, and have
potentialAdd an article
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for
growth
. In a recent interview, one of the most successful businessmen in the world, Elon Musk, said that he is planning to set up a few projects in India, which is a developing country, as it promises substantial
growth
in the coming years.
Furthermore
,
this
trend does not just benefit the
companies
, but
also
the local people as it increases job opportunities.
Additionally
, these
companies
also
help in the
economicalReplace the word
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growth
of the
company
by being the major contributors
ofChange preposition
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the gross domestic product.
Nevertheless
, not everybody is benefiting from
this
trend. Big multinational
companies
have created a monopoly over different sectors
inChange preposition
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the market, and
as a consequence
, it has caused a significant loss to small business owners.
Moreover
, it is causing the rich to become richer,
while
the middle and
lower classAdd a hyphen
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people are constantly struggling to meet
theChange the word
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daily needs.
For instance
, back in the
daysFix the agreement mistake
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, a construction
company
would pick up
tenderCorrect article usage
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from a small business at a reasonable price, which allowed reciprocal
growth
.
However
, nowadays, they have to sign contracts with these big
companies
to continue to exist in the market.
This
causes a loss to the construction
company
as well as
the small business owner,
while
the only one benefiting is the owner of the multinational
company
.
In conclusion, it is a truism that
establishmentCorrect article usage
show examples
of multinational
companies
in developing countries benefits both the
company
and the country.
However
, it neglects the struggles and problems faced by a vast majority of the population residing there.