Question: With reference to Figure 11.1, choose a sheltered industryone that has been subject to little penetration either by imports or foreign direct investment. Explain why

With reference to Figure 11.1, choose a sheltered industry—one that has been subject to little penetration either by imports or foreign direct investment. Explain why the industry has escaped internationalization. Are there opportunities for profitable internationalization for firms within the industry? If so, what strategy would offer the best chance of success?

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