Question: In most countries multinational companies and their products are becoming more and more important. This trend is seriously damaging our quality of life. Do you agree or disagree?
are multinational companies a threat to us?
Essay: Multinational companies and their products have become an integral part of people's lives . Never before have multinational companies played such a pivotal role in society. Today, both manufacturing and distribution have gone global, increasing the quantity and variety of goods while driving down the price. Despite their potential threat to local environment, they improve life rather than destroying it.
Multinational companies may jeopardize environment in developing countries by setting up factories there. First, the need for raw material would drive companies to use up natural resources in developing countries where legislation and law enforcement for environmental protection are often scarcely upheld. Second, these manufacture factories are highly pollutive. Dirty water, carbon emission, and polluted air from these manufacturing sites could harm the health of residents.
Yet the arrival of multinational companies can boom the local economy. It provides plentiful job opportunities to locals who are desperate to earn a living. Factories built overseas are usually labor-intensive, thus could hire a large local workforce. Wages from multinational companies would enhance local purchase force, contributing to a dynamic economy. Employed by such companies, parents could also provide better schooling for their children, which could pull deprived families out of the poverty cycle.Customers could benefit from multinational companies. First, these companies provide alternatives to local products. KFC, a global food chain, for example, serves western fast food which local restaurants in Asia do not provide . Second, products from multinationals could be more cost-effective, as they are manufactured in areas where labor and natural resources are cheap.
In conclusion, though global companies may harm the environment of the developing world, they could bring benefits to their customers as well as the economy of where their products are manufactured.