MNCs are harmful to the economic development of a country

MNCs are harmful to the economic development of a country

MNCs are harmful to the economic development of a country.
Do you agree with the statement? Build up your argument to support your stand.

MNCs, a culture of modern India, a virtue of modernised slavery; not just limited to one, but to different countries of the world. When we carefully analyse the pros and cons of the MNC culture, it is highly shocking and painful to see our soul wealth, our youth, totally surrendered to the greed of wealth, losing themselves to their entirety.

We find a lot many arguments to support the MNC and their culture, especially denoting them to be helpful in our economic development. Still this remains to be a big question mark in actuality. In the practical world, MNCs have indirectly put us down in terms of our economic development. If we carefully observe the basis of the development of economy of any country, it starts with their wealth and standard of living, which comes from the manpower of that nation, their capability and health. When we look upon ourselves, our stand is surging down day-by-day in terms of our manpower. We can discuss them briefly one by one.

Wealth, denoting the economy of the country is divided in 3 sections in our society, namely, rich class, middle class and poor class. The two extremes still manage to be within their blocks; but the middle class, with their eagerness to rise beyond their reach, get easily attracted to the lucrative offers of these companies. They are the ones who are ready to compromise everything, to earn and lead a life of luxury. In turn, they become the victims and get stuck in the quicksand of multiple loans.

Undoubtedly, the living standard of an average Indian has risen up; still he lacks the strength and confidence to portray his luxurious life as his own. An era of EMI is the bi-product of these MNCs. Everything that we purchase is on EMI, and the day we end up paying the instalments for a thing and proudly announce as our own, the product would have already undergone much wear and tear to the extent, that it demands a replacement. And here, the human mentality and greed makes us enter the same vicious circle again and again, as we always prefer a replacement with a higher ranged product. We have gained the confidence to bear the EMI because of the lucrative salary offer by these MNCs. When we peep within, what we own today with that high paying job, is simply “Nothing”. And this standard of living with a high burden of loan is what we happily call Economic Development today.

If we talk of the backbone of India, our Young India; it’s quiet dis-heartening to find them no more than a sheep herd marching blindly behind the currency. If a part of them prefer working abroad serving other nations, the remaining have dropped their head down within our country. What else can we call this than a “Brain drain”? Our master minds are working harder day and night for developing the economy of other countries. Hence we term these countries to be developed ones and ours still bear the tag of “Developing Nation” and will remain so, with our manpower putting their utmost effort to develop the Developed Countries. How can our Economic Development compete and find a stand in this world, when our own men are playing a game of rivalry?

Again, value of health, the last word that we think of, with our mission success in the race of life. MNCs have given birth to the term “Rotational Shifts”. Our youth blindly okays this, without foreseeing its impact on his health and personal life. Just to earn the hot cash, he works round the clock, forgets family and friends, alters his biological clock and compromises with his immune system. India is facing an alarming increase in new health concerns especially in the 20s and 30s age group. With such deteriorating health status of our manpower, are we correct in calling these MNCs to be promoting our economy?

Everyone must be aware of this universal phrase “When wealth is lost, nothing is lost; when health is lost, something is lost; when character is lost, everything is lost. India always bagged the medal for its charming culture. MNCs didn’t leave their stand in spoiling this too; landing our teenagers to pubs, bars and disco. With tethered moral, drunken youth either ends up in some criminal offence, or lose their ethics, by looking and handling sexuality and relationship with an eye of mere shame.

To be precise, we are left with “No” brain working for us, “No” health, “No” concern for family, “No” moral, “No” character. All this, to earn loads and loads of money. And with all that money, we own “Nothing”. Loans is all we have to contribute to our economy. The priceless gift of MNCs to our country.