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Can the spread of multinational companies and globalization benefit everyone?
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June 1, 2012
11:51 pm
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Globalization is now the foremost way that a country increases its economy and cultivates people's lifestyles. However, argue that multinational companies itself looks like a practical measure to soar the ability of economy, but it actually brings many effects, affecting both individual's life and a country's economy. I think that globalization needs to be analyzed in different aspects.

Globalization does create many beneficial situations from countries to countries. The dominance of Leading Corporation stimulates the world economies and varies the way people do business. Take the liberal of trade for example. A country's market share can be spurred and be broadened by this way, because of free trade; people can enjoy the seasonal fruits of success from other countries. Besides, improving and reforming people's lifestyles can be widened through globalization. Furthermore, creating jobs opportunity, lowering the prices of importations and reducing the high tax can all be built by free trade. From this viewpoint, globalization is a positive development.

On the other hand, as people are welcome the products from other regions, free trade have brought many obstacles to a country. The increase of free trade growth deters people having own business and owning jobs in their country. People advocate that too many outsourcing jobs overseas have reshaped the form of trading and have caused a grave situation in a country, contributing to a high rate of unemployment and severe economy recession. The way of corporation to do business causes people that have found too hard to make a living.

Regardless of its advantages and demerits, in my view, globalization is not a thing that we can easily hold off or turn off. The heads of governments ought to promote more effective systems to overcome the tough problems from free trade and individuals need to appreciate the benefits from globalization. Finally, It remains to be seen whether the globalization is the best or the worst phenomenon that happen to people around the world.

 

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