Multinational companies will benefit "host countries". They bring foreign exchange, employment opportunities, fund governments in their country, and raise GDP. However, those drawbacks outweigh those benefits. These companies can use the local labor force. For example, few countries have few occupational health and safety regulations, and multinational companies use these rules. They may use cheap labor and give unfair time. This is the cause of child labor. The separation of these distant factories means that they do not have the eyes of the western media to see them.
Another issue for multinational companies is pollution. Some recipient governments are concerned that losing all "interests" of multinational companies does not insist that factories comply with strict environmental awareness. Gas leakage in Bhopal in 1984 is an example. In India's joint carbide agricultural chemical factory, more than half a million people were exposed to toxic gas due to leaks from the factory. Many people passed away. The problem is that the safety equipment and procedures on which the plant operates are far below the conventional standards. Local governments recognize this, but I do not intervene for the reasons I mentioned - they want to maintain a large employer
The last problem with multinational enterprises is that they got the opportunity to be recognized by local competitors and it will lower the cultural identity of the country by developing it centered on Western ideals. By doing this multi-national company, you can move quickly and clean up the host country
4) Globalization. The elite strongly supports trade expansion and globalization - in addition to the labor force sample, one out of every seven people in each group said that globalization is a good thing for the United States. Most people (60%) agree - but 42% said there are some concerns about anti-globalization protestors. These concerns are largely unknown, but a considerable number (16%) point out the impact of globalization on the environment. Does the current economic recession exacerbate public opposition to trade and globalization?
There is no doubt that globalization is a good thing for many developing countries. Developing countries can now access our markets and export inexpensive goods. Globalization is also suitable for multinational companies and Wall Street. However, globalization is not suitable for working people (blue collar or white collar), and the US continues to industrialize. Free trade should reduce barriers such as tariffs, VAT, subsidies and other inter-government barriers. This is not a fact. There are still many obstacles to free trade. The story of the Washington Post stated as follows. "The problem is that since 2008 G20 countries have joined more than 1,200 restrictive import and export measures.
Globalization is one of the biggest problems in today's economic world. Many think that globalization is a good thing, I think globalization is a bad thing. Some of the comparative advantages of free trade is that if the distribution of resources in the world is more effective, it will lead consumers to lower prices and provide more choices to consumers . There are such obvious advantages in free trade, but there are still people who think globalization is a bad thing.
If this is really good, there is a fierce argument about the real impact of globalization. But no matter how bad it is, there is not much debate as to whether it is happening or not. Let's see the positive and negative aspects of globalization, you can judge myself whether it is best for our world.