Give at least four advantages and disadvantage of indigenization
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Answer:
The indigenisation decree bestowed on citizens, the opportunity to take over businesses which otherwise would have been owned by foreigners.
(ii) It increases the pace of industrial development.
(iii) With indigenes as owners, the need to transfer foreign exchange in the form of dividends to foreign shareholders, has been reduced to some extent.
(iv) It gives indigene opportunity for self reliance and economic emancipation.
(v) The indigenisation decree has helped the indigenes the art of managing big businesses.
(vi) It ensures that the indigenes industrial potentials are fully tapped.
(v Indigenisation gave a boost to the development of the Nation’s Capital Market.
(viii) Indigenisation guarantee reduction of foreign control over a Country’s economy.
(ix) It enhances the nations pride.
(x) Indigenisation brim about reduction in capital flight