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?
Nowadays, many governments invite international industries to invest in their countries. It is often argued that countries should prioritize domestic companies over foreign
businesses
. I strongly agree with this
argument because it greatly improves the economy
, while
encouraging innovation
and new business start-ups
, and guarantees the sustainability of the economy
.
To commence with, supporting local enterprises results in a robust domestic economy
. Local businesses
play a significant role in job creation, which reduces unemployment. For example
, many small businesses
in Germany are family-run, and they play a vital role in the nation's economic success by generating new job opportunities. Further
, it ensures that the domestic currency stays within the country, which is essential for stabilizing the economy
. Most developing countries are now facing financial difficulties as a result
of opening their economies to multinational companies. Consequently
, it is obvious that inspiring local businesses
strengthens the national economic structure.
Furthermore
, promoting new start-ups
fosters innovation
and entrepreneurship within the country. By providing an inspiring environment for new businesses
and start-ups
, governments can identify and promote innovation
, which leads to the development of new industries and technologies. For instance
, Silicon Valley in the United States became a hub for technological innovation
due to
the strong support given by the U.S. government for local entrepreneurs and start-ups
. It is clear that
innovation
and new business start-ups
can be cultivated with the great support of authorities.
In conclusion, I strongly believe that states should prioritize domestic companies because this
approach results in a robust domestic economy
, fosters innovation
, and ensures economic sustainability.Submitted by dmsangeeth on
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task response
Consider addressing potential counterarguments or acknowledging the benefits of foreign businesses to make your argument more balanced.
coherence cohesion
Ensure each paragraph logically leads to the next, maintaining a smooth flow from point to point.
structure
The essay provides a clear introduction and conclusion, framing the argument effectively.
task response
The main points are well-supported by relevant examples, making the argument convincing.
coherence cohesion
The logical structure of the essay is strong, with clear and organized progression between ideas.