Allies Through Participation The foreign company also may foster local participation designed both to reduce the image of foreignness and to develop local proponents whose personal objectives may be fulfilled by the foreign investor’s continued operations. The parent company can follow a policy that involves its subsidiary in purchasing local supplies and raw materials...
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PROTECTION OF INTELLECTUAL PROPERTY RIGHTS Most of the discussion in this chapter has centered on direct investment; however, one of the key business-government and government-to-government conflicts of recent years has involved intellectual property rights, sometimes referred to as intangible assets. The poet and essayist Ralph Waldo Emerson said, “If a man can write a...
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SUMMARY for International business diplomacy ■ Although host countries and international firms may hold resources that, if combined, should achieve objectives for both, conflict may cause one or both parties to withhold resources, thus preventing the full functioning of international business activities. ■ Both the managers of international firms and the host-country governmental officials...
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