| There are a bunch of general reasons: - job opportunities for domestic employees - knowledge concentration that might otherwise disappear (i.e. brain drain) and lessen the quality of domestic education - economic effects, more so if you subscribe to trickle down economics and take into account potential loss of jobs, which means loss of pay and loss of income tax and loss of spending elsewhere etc. - prestige that can be useful for diplomatic purposes On top of that there could also be cultural or country specific reasons. In collectivist cultures the prestige can translate into national pride or the company and its brands can be part of the national identity. Often in those countries the legacy of a company can also be important.
Companies that are decades, centuries or even thousands of years old are held in high regard. This can go so far that taking over your parent’s hundreds year old family business making matcha can be more prestigious than being, say, a doctor or lawyer. The cultural driven values are hard to explain if you’re not a part of it, but that doesn’t make them less valid for those people. It’s how most Americans value freedom of speech above all else, taking the bad (hate speech) with the good despite non-Americans not necessarily understanding it.
Or the reverse, how most Europeans value banning hate speech, taking the bad (risking further restrictions) with the good, despite most Americans not understanding it b Both have a cultural historical context, but in isolation without it it’s something that an outsider might not understand. |