Multinational companies improve the quality of life in the foreign countries where they sell their goods. To what extent do you agree or disagree?

Thanks

ot

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to

globalization, multinational

companies

now find

ti

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it

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easy to set up

operation

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operations

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around the world.

Although

some feel that

this

trend has been a positive development,

,

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apply

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I

however

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, however

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, believe that

ti

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it

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has had a negative impact on foreign countries in three main areas.

Firstly

, multinational

companies

often dominate local markets at the expense of local businesses.

While

Iconcede

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I concede

that large global businesses often produce

goods

of

a

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high quality, the problem is that large corporations operating in multiple markets can take advantage of economies of scale to produce these

goods

cheaply.

As a result

, many are able to price their products at a much lower level than smaller, individual

companies

,

who

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which

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often go out of business when trying to compete. A good illustration of

this

is supermarkets, with large multinationals often squeezing the profit margins of smaller

corners

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corner

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shops to

such

an extent that most have gone bankrupt. Employment is another area of concern. Many supporters of multinational

companies

claim that they provide thousands of jobs worldwide.

However

, I would argue that when global corporations move their operations to another country, they generally only offer low-paid work. In fact, very often

such

companies

build factories in less developed areas so that they can lower

labor

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labour

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costs, keeping only the more highly paid corporate jobs back in their home country. The final area

which

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in which

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multinational

companies

have a negative effect

on

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is culture. When multinational

companies

enter a foreign market, they tend to dilute local customs and traditions. Take McDonalds

for example

. The fact that it operates in so many countries means that many people outside America are eating fast food at the expense of their own cuisine.

Moreover

, with

multinational

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multinationals

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offering the same products and

goods

in every society, the world is becoming more homogenized, which can only lead to a loss of culture. In conclusion, not only can multinational

companies

cause local

business

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businesses

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to go bankrupt, but they

also

appear to cause foreign countries to lose their unique cultural heritage.

Therefore

,

although

I acknowledge that they produce

high quality

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high-quality

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goods

,

Idisagree

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I disagree

that they are improving

standard

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the standard

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of living.