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The proliferation of international enterprises has led to a rapid increase in the pace of globalisation in all corners of the globe. The merits and demerits of this phenomenon will be assessed from a variety of viewpoints.
As corporate profits grow, there are huge benefits for not only firms but also a variety of stakeholders. Employees experience rising salaries and benefits as they share in the economic growth and local communities experience investments in infrastructure as greater funds flow into their neighbourhoods. Additionally, investors tend to profit from rising share prices as revenues increase and dividends are raised to reflect the ameliorating financial situation.
On the contrary, as multinational corporations thrive, the distribution of wealth tends to be concentrated within select groups including company executives, principle shareholders and upper management, leading the rich to get richer and the poor to become poorer. Furthermore, when international companies enter new markets, it might lead to a loss of local culture as small business struggle to compete with them. Moreover, globalisation leads to greater competition in the job market as workers not only compete with employees in their own region but also with labourers from all over the world, making it difficult to secure employment.
All in all, the spread of multinational organisations leads to higher salaries for employees and greater investment income for investors as well as infrastructure growth in local communities. Nevertheless, unequal wealth growth, loss of culture and increased competition in the job market make globalisation a burden for lower and middle classes, signifying that not every group equally benefits from this occurrence. (In total: 263 words)
范文由环球教育加拿大国籍外教 Khalid Hasmath 老师本人执笔创作,仅供学术交流。