In different nations, globalization has increased the number of multinational companies. There are both advantages and disadvantages of this trend, because while it might be a process of exchanging cultures, it may also lead to the loss of local traditions.
On the one hand, the fact that international companies are growing by globalization supplies with many benefits, as sharing local traditions with others. It means that different countries may introduce themselves on a global level and develop international relations. For instance, there are many companies which include a variety of people from different nations, and by collaborating they get know others’ local features, consequently improving multinational relations.
On the other hand, globalization system might decline the amount of national companies, which include traditional scheme. Undoubtedly, for each country it is essential to keep and share their own culture, and local production contains it. As an example, losing traditions in a particular country is a devastating problem, because individuals most likely to lose their national identity and history, which means to disappear.
To sum up, while the growth of multinational companies by globalization may lead to strengthening the bond between nations, it also might end up badly for them by losing cultural features.