Today, people think that attraction of foreign investment is necessary and important for the development of the economies of the host countries, while the others think that attraction of foreign investment has negative impact on the society and not only on this sphere. Discuss both sides and write your own opinion. Give reasons for your answer and include any relevant examples from your own knowledge or experience.
There is an ongoing debate on the importance of FDI in a country. Some argue that it aids in the growth of an economy while others highlight the drawbacks associated with it. This essay will discuss the multitude benefits of having a foreign firm invest in state and also impact on local companies and environment along with my opinion why the advantages eclipses the drawbacks.
On the one hand, there is ample evidence indicating that there are direct and indirect advantages to a country’s revenue which a company chooses to invest in. This is due to the fact that adding a new firm from a multi national company will open loads of employment oppurtunities to natives leading to more tax collection and consequently increase in the GDP. Additionally, it also leads to holistic development of a city or state. New infrastructure will be introduced on par with global standards and creating a better lifestyle for citizens to match their increased spending power. To illustrate this, BBC research states that since 2001, when south Asian countries opened up to foreign investments, there was a 40% increase of basic wages year on year and 60% increase in the income tax revenue to the countries. Thus it is conclusively clear that funds pledged by foreign countries change the economic outlook of a country.
Although there is a case for changing financial fortunes of a state, the impact on the native companies cannot be understated. A corporate firm with its huge bank balances thwarts its local competitors and thus forcing them out of business. Furthermore, many companies migrate from developed countries to developing countries due to stricter environment policies in their native lands. as their presence is highly valued , there is little to zero resistance in launching their industries despite potential damage to air and water. For instance, the pollution of water has risen consistently in the rivers of India due banned toxic materials released by industries that have been granted special privileges by the government. Thus it is possible to state that there is an imminent threat to the flora and fauna as well as medium to small enterprises of a host country.
To conclude, in my opinion despite its disadvantages of damage to environment and local retailers I believe that opening the economy do have clear advantages financially and will continue to benefit in the long run.
Grammar and spelling errors:
Line 2, column 113, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...t and indirect advantages to a country’s revenue which a company chooses to inves...
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Line 2, column 606, Rule ID: WHITESPACE_RULE
Message: Possible typo: you repeated a whitespace
Suggestion:
...ased spending power. To illustrate this, BBC research states that since 2001, whe...
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Line 2, column 740, Rule ID: POSSESIVE_APOSTROPHE[1]
Message: Possible typo: apostrophe is missing. Did you mean 'wages'' or 'wage's'?
Suggestion: wages'; wage's
...ents, there was a 40% increase of basic wages year on year and 60% increase in the in...
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Message: Did you forget a comma after a conjunctive/linking adverb?
Suggestion: Thus,
...he income tax revenue to the countries. Thus it is conclusively clear that funds ple...
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Suggestion: As
...ronment policies in their native lands. as their presence is highly valued , there...
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Message: Put a space after the comma, but not before the comma
Suggestion: ,
...ands. as their presence is highly valued , there is little to zero resistance in l...
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Message: Did you forget a comma after a conjunctive/linking adverb?
Suggestion: Thus,
...d special privileges by the government. Thus it is possible to state that there is a...
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Transition Words or Phrases used:
also, consequently, furthermore, if, look, so, thus, well, while, for instance, as well as, in my opinion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 14.0 13.1623246493 106% => OK
Auxiliary verbs: 5.0 7.85571142285 64% => OK
Conjunction : 12.0 10.4138276553 115% => OK
Relative clauses : 10.0 7.30460921844 137% => OK
Pronoun: 27.0 24.0651302605 112% => OK
Preposition: 63.0 41.998997996 150% => OK
Nominalization: 13.0 8.3376753507 156% => OK
Performance on vocabulary words:
No of characters: 2010.0 1615.20841683 124% => OK
No of words: 395.0 315.596192385 125% => OK
Chars per words: 5.08860759494 5.12529762239 99% => OK
Fourth root words length: 4.45809453852 4.20363070211 106% => OK
Word Length SD: 2.90296862084 2.80592935109 103% => OK
Unique words: 222.0 176.041082164 126% => OK
Unique words percentage: 0.562025316456 0.561755894193 100% => OK
syllable_count: 636.3 506.74238477 126% => OK
avg_syllables_per_word: 1.6 1.60771543086 100% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 3.0 5.43587174349 55% => OK
Article: 3.0 2.52805611222 119% => OK
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 0.0 0.809619238477 0% => OK
Preposition: 4.0 4.76152304609 84% => OK
Performance on sentences:
How many sentences: 16.0 16.0721442886 100% => OK
Sentence length: 24.0 20.2975951904 118% => OK
Sentence length SD: 48.1137973974 49.4020404114 97% => OK
Chars per sentence: 125.625 106.682146367 118% => OK
Words per sentence: 24.6875 20.7667163134 119% => OK
Discourse Markers: 6.5625 7.06120827912 93% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 7.0 5.01903807615 139% => OK
Sentences with positive sentiment : 12.0 8.67935871743 138% => OK
Sentences with negative sentiment : 1.0 3.9879759519 25% => More negative sentences wanted.
Sentences with neutral sentiment: 3.0 3.4128256513 88% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.140727978173 0.244688304435 58% => OK
Sentence topic coherence: 0.0443526127544 0.084324248473 53% => OK
Sentence topic coherence SD: 0.0340278989586 0.0667982634062 51% => OK
Paragraph topic coherence: 0.081002235211 0.151304729494 54% => OK
Paragraph topic coherence SD: 0.0432858082079 0.056905535591 76% => OK
Essay readability:
automated_readability_index: 14.9 13.0946893788 114% => OK
flesch_reading_ease: 47.12 50.2224549098 94% => OK
smog_index: 8.8 7.44779559118 118% => OK
flesch_kincaid_grade: 12.7 11.3001002004 112% => OK
coleman_liau_index: 12.54 12.4159519038 101% => OK
dale_chall_readability_score: 9.62 8.58950901804 112% => OK
difficult_words: 120.0 78.4519038076 153% => OK
linsear_write_formula: 11.0 9.78957915832 112% => OK
gunning_fog: 11.6 10.1190380762 115% => OK
text_standard: 13.0 10.7795591182 121% => OK
What are above readability scores?
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Rates: 78.6516853933 out of 100
Scores by essay e-grader: 7.0 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.