Posted by China on Friday, August 8, 2008 at 5:27am.
This cannot be easily answered, as any answer involves a tradeoff of risk vs profit potential. Risk of course involves the risk of graft and corruption when one absorbs locals, or licenses to locals. Emerging economies are fraught with this risk.
My first inclination would be to completely own and control, with outside investors. But if those outside investors started to control (intimication, violence, threats of bodily harm), cut the ties, dust off the shoes, and leave. Life is too short to deal with criminals.
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