First, many intermediaries are people intensive, so running them requires familiarity with the local language and culture. Second, intermediaries are information intensive, and it takes local expertise to access scattered information and analyze data of variable quality. Third, governments consider some institutions, such as media, banking and financial services, to be of national importance. They oft en prohibit multinational companies from setting up those institutions or force them to collaborate with local companies.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
