What are the benefits and problems brought by international corporation?
The recent decades have witnessed the prevalence of International Corporation, an indispensible part of a nation's economy constitution. The concerns that the flourish of international business may inhibit the sound development of the local industry have been raised from this phenomenon. In this essay, both the merits and limitations of international cooperation would be discussed.
The advent of multi-national business has brought some opportunities to the countries involved. Whenever an international company launches in a new environment, it has to enroll a plenty of employees, which pose an encouraging signal to elevate the employment rate in a region. Apart from this, it is recognized that the multi-national business stimulates innovation in its sector. In order to win a place during the competition brought by the multi-national company, the local industries have no alternative but to lower their cost and star production innovation. Such benign competition is a motivator to facilitate the development of local industry. Finally, the employees working in multi-national companies are more likely to be exposed in the multi-cultural working atmosphere. Based on the demand of the business, the staff in the multi-national corporations have access to tackle various task concerning different cultural background, which is beneficial for them to expand their outlook and explore their working potentials.
The international corporations, however, pose a threat to the environment and local companies. In most cases, the core department of the international corporation would not be transferred to the emerging regions. On the contrary, it is the production department that is always shifted to the developing countries where where cheap labor force is the most attractive element. This is an effective way to cut down the production cost. Moreover, some multi-national companies change their sites to under developed regions for the sake of the local natural resources, such as water resources, the timbering or even some endangered wild animals. On account of economical interest, the local government has little awareness of environmental conservation and presents attractive condition to the foreign companies. Once the international companies has acquired adequate benefits from the local environment, they are prone to seek another place without shouldering any responsibility to the deteriorated environment.
In the light of the facts outlined above, we should be aware of the pros and cons of multi-national corporations and provide a justified comment on this issue.
Thank you for your advice on the logic of this essay and lexical resource!
The recent decades have witnessed the prevalence of International Corporation, an indispensible part of a nation's economy constitution. The concerns that the flourish of international business may inhibit the sound development of the local industry have been raised from this phenomenon. In this essay, both the merits and limitations of international cooperation would be discussed.
The advent of multi-national business has brought some opportunities to the countries involved. Whenever an international company launches in a new environment, it has to enroll a plenty of employees, which pose an encouraging signal to elevate the employment rate in a region. Apart from this, it is recognized that the multi-national business stimulates innovation in its sector. In order to win a place during the competition brought by the multi-national company, the local industries have no alternative but to lower their cost and star production innovation. Such benign competition is a motivator to facilitate the development of local industry. Finally, the employees working in multi-national companies are more likely to be exposed in the multi-cultural working atmosphere. Based on the demand of the business, the staff in the multi-national corporations have access to tackle various task concerning different cultural background, which is beneficial for them to expand their outlook and explore their working potentials.
The international corporations, however, pose a threat to the environment and local companies. In most cases, the core department of the international corporation would not be transferred to the emerging regions. On the contrary, it is the production department that is always shifted to the developing countries where where cheap labor force is the most attractive element. This is an effective way to cut down the production cost. Moreover, some multi-national companies change their sites to under developed regions for the sake of the local natural resources, such as water resources, the timbering or even some endangered wild animals. On account of economical interest, the local government has little awareness of environmental conservation and presents attractive condition to the foreign companies. Once the international companies has acquired adequate benefits from the local environment, they are prone to seek another place without shouldering any responsibility to the deteriorated environment.
In the light of the facts outlined above, we should be aware of the pros and cons of multi-national corporations and provide a justified comment on this issue.
Thank you for your advice on the logic of this essay and lexical resource!
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