Growth Of Multinational Companies And The Resulting Rise Of Globalization Creates Positive Effects For All

IELTS Writing Task 2 with sample answer.

You should spend about 40 minutes on this task.

Write at least 250 words.

The growth of multinational companies and the resulting rise of globalization creates positive effects for all

To what extent do you agree or disagree?

Sample Answer:

The debate surrounding the effects of multinational companies and globalisation has been ongoing for some time. It is argued that the rise of these companies and the growth of globalisation has had a largely positive impact. This essay will examine both sides of the argument before coming to a conclusion.

On the one hand, it is undeniable that multinational companies have had a positive effect on globalisation. One of the most significant benefits is increased economic growth. As multinationals expand into new markets and countries, they bring with them capital, infrastructure and jobs. This can help stimulate local economies, increase wages and reduce poverty in developing countries. Furthermore, as multinationals bridge the gap between countries, it can lead to increased cultural understanding and foster greater international cooperation.

On the other hand, some argue that the growth of multinational companies and globalisation has had a largely negative effect. One of the main issues is that multinationals tend to make large profits at the expense of local businesses. This can lead to job losses, as the local companies cannot compete with the lower prices and higher efficiency of multinationals. In addition, multinationals often use their influence to influence government policy and exploit local resources, leading to further economic inequality.

Having considered both sides of the argument, it is clear that the growth of multinational companies has had some positive effects on globalisation. However, it cannot be denied that there have been some negative consequences as well. It is therefore important to ensure that multinationals are held accountable and that measures are taken to ensure that the effects are beneficial for everyone. In conclusion, it is clear that the rise of multinational companies and the resulting globalisation has had both positive and negative effects, and it is up to the governments of individual countries to ensure that these effects are balanced.