Nowadays, many people are under the impression that gloablisation and the increasing presence of international companies have some harmful impacts on the environment. I strongly disagree with this view because I think that these companies provide employment opportunities for unemployed individuals. Furthermore, the economy of a country can be developed with the aid of multinational companies.
To begin with, after the implementation of globalization worldwide, we have witnessed many beneficial changes, with decreasing unemployment being one of the main advantages experienced globally. The big companies create signficiant opportunities at both the national and international levels. At the same time, we can see a positive impact of international companies advantages on distinct worlds’ economies. For example, when international companies establish corporations in various countries, they can help reduce unemployment in these nations. These factors can directly affect the economies of these nations.
On the other hand, international corporations have some harmful results in different conturies. When some companies open a new international business, they can cause harm to local business in these nations. For instance, when a large company opens a business in a specific section, they prevent local businesses from growing. Hence, governments should provide greater support for local businesses. Consequently, this situation can have negative consequences for domestic entrepreneurs and employees.
In conclusion, I believe that globalisation, along with the increasing presence of multinational companies, creates numerous employment opportunities for national and international workers. Although local entrepreneurs may face greater competition, international companies can contribute significantly to employment and economic development. Therefore, governments should offer more assistance to domestic businesses to help them remain competitive.