Some countries encourage foreign companies to open in their country. Many people think that the government should focus on encouraging local business rather than foreign businesses. to what extent do you agree?

In today's world, many governments are inviting international industries to invest in their countries.
However
, there is an ongoing debate about whether countries should prioritise domestic companies over foreign
businesses
. I firmly support the latter view, as it significantly enhances the economy, encourages
innovation
and the establishment of new
businesses
, and ensures long-term economic sustainability.
To begin
with, supporting local enterprises leads to a strong domestic economy. Local
businesses
play a crucial role in job creation, which in turn reduces unemployment rates.
For instance
, many small
businesses
in Germany are family-owned and contribute significantly to the nation's economic success by generating new job opportunities.
Additionally
, supporting local enterprises ensures that the domestic currency remains within the country, fostering economic stability. Many developing nations face financial challenges
due to
their openness to multinational corporations, which often repatriate profits.
Therefore
,
it is clear that
nurturing local
businesses
strengthens the national economic framework.
Moreover
, promoting new start-ups encourages
innovation
and entrepreneurship within the country. By creating a supportive environment for emerging
businesses
, governments can stimulate
innovation
, which leads to the development of new industries and technologies. A prime example is Silicon Valley in the United States, which became a hub for technological
innovation
thanks to robust support from the U.S. government for local entrepreneurs and start-ups.
Thus
,
it is clear that
if sufficient support is received from authorities,
innovation
and new business developments will thrive remarkably. In conclusion, I strongly believe that governments should prioritise domestic companies.
This
approach not only results in a robust domestic economy but
also
fosters
innovation
and ensures economic sustainability.
Submitted by dmsangeeth on

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relevant specific examples
Consider providing more specific examples or data to support your points. For instance, include details on how local businesses strengthen the national economy beyond job creation and how innovation in start-ups directly impacts technological advances.
logical structure
Improve the logical flow by ensuring that each paragraph transitions smoothly to the next. For example, use linking words or phrases to guide the reader through your arguments.
introduction conclusion present
The introduction and conclusion are well-structured, clearly presenting your argument and summarizing your main points effectively.
complete response
Your essay responds fully to the task, discussing both sides of the issue and clearly presenting your stance with supporting arguments.
clear comprehensive ideas
You’ve maintained a clear and comprehensive focus throughout your essay, making your arguments easy to follow and understand.

Essentional vocabulary list for IELTS Writing 7+

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Topic Vocabulary:
  • encourage
  • foreign companies
  • local business
  • government policies
  • investment
  • job opportunities
  • economic growth
  • sustainability
  • balance
  • attract
  • challenge
  • compete
  • large corporations
  • national identity
  • cultural heritage
  • technology
  • expertise
  • incentives
  • support
  • community
  • social cohesion
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