One disadvantage of indigenization is that it
COMMERCE
WAEC 2008
One disadvantage of indigenization is that it
- A. discourages foreign control of an economy
- B. encourages local retention of profits
- C. encourages the participation of indigenes in economic development
- D. discourages foreign investment
Correct Answer: D. discourages foreign investment
Explanation
Indigenization discourages foreign investment in a way that foreign investors would not want to invest in the said country because of the possibility of their companies/ businesses being converted to the state's property.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *