Growing pressure for 'local content' needn't mean lower profits

Article Abstract:

Many Third World governments now demand that multinational corporations create local facilities, hire local managers, expand local purchases and promote exports, which in turn requires the multinational companies to adjust to these local-content requirements imposed by the governments in order to do business in those countries. The increasing presence of the local-content trend in developing nations makes it unlikely that the international firms will be able to avoid it altogether, due in part to the growing foreign debt, balance of payments and deterred economic growth of the host countries. The problems created for multinationals by these policies are discussed, and different strategies for dealing with them are described.

Foreign investments, Product information, Developing countries, Domestic content (Commercial policy), Domestic content (Trade policy)

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The lure of Cyprus as a regional business centre

Article Abstract:

Since the late 1970s approximately 500 international corporations have set up offices in Cyprus, in effect creating a new business center for Middle East and Northern African business enterprises, about half of which are involved in trading, primarily with Arab nations. Nicosia, in turn, has developed into a new center for business activities in the area, compared often to Beirut in the late 1960s and early 1970s, before the civil war and Israeli occupation. The tax incentives implemented by the Cyprus government and the Cypriot business climate, which is very conducive to trading activities, are described, and the effectiveness of off-shore business operations headquartered in Cyprus is discussed.

Economic aspects, Middle East, Cyprus

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Think local, organize ...?

Article Abstract:

A survey of top US consumer goods manufacturers shows that there is a gap between the international goals of top management and the organizational strategies used to achieve them. It is shown that there is no simple formula for guaranteeing success in global markets but the successful companies have in common a decentralized structure and a tendency to coordinate their international decision-making in a global manner. Successful companies also had worldwide manager development programs.

Evaluation, Foreign operations, Marketing, Consumer goods industry

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