Multiculturalism Is The Existence Of Transnational Corporations

796 Words Jan 14th, 2016 4 Pages
Nowadays, there are increasing amount of people going around the world to work or to spend time on holiday. As a result, multiculturalism exists. Multiculturalism means that when different groups of people live together and share their culture to each other. There are advantages and disadvantages by having multiculturalism. It helps the country’s economy and the reason behind that is likely to be the existence of transnational corporation(TNC). However, due to the fact that more people sharing their own culture to each other, it could have a negative impact on country’s tradition, language and identity.

First of all, multiculturalism is likely to have positive impact on country 's economy because of the existence of transnational corporations (TNC). Transnational corporations are the firms that set up departments in different countries around the world.(Alain Amderton,2008) There are various reasons on firms running globally, such as lower production costs and lower wages. Coca-Cola is an example of a TNC. They might have their factories in other countries and not in their base country. Therefore, people who work for Coca- cola might come from different countries, they can be from China, United Kingdom or United States. However, they would go to the same country to work together. As a result, people from different countries live together and work together, then it is an example of multiculturalism. TNC is considered as foreign direct investment. In addition, according to…

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