A local manufacturing business has announced that it will be closing its factory in your area and opening a new factory outside of the US. In one or more fully formed paragraphs, weigh the advantages and disadvantages of this action to your community, the business, and/or the global economy. Identify at least three advantages and three disadvantages. Do you support this change

The disadvantages are in the first paragraphs and the advantages are in the second paragraphs.

Explanation:

One the one hand, the fact that the company has decided to close the local factory and open another one abroad indicates a serious of factors to have in mind when it comes to the community and the local area. To start, the local area will be affected obviously by this decision by losing jobs and also by losing money that will not longer be injected in the economy. Moreover, the business itself will have to do it all over to find new employers and calculate every cost and every aspect of the new factory abroad. And finally, in terms of the global economy this decision will affect as well the interaction that the company will now have from outside when it comes to doing business with local companies.

On the other hand, the decision will also bring advantages. When it comes to the business, the most quickly thought is that they will be able to lower the cost of producing if the choose a good country. In the case of the global economy this will also improve the movement of money from one country to another and more important the rise of new jobs in another place abroad. And finally, for the local community the most quickly advantage could be the case of the reduction in the polution of the area regarding the fact that the company is no longer working there.

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