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1. Government controls and barriers
-To protect the local industries, existing industries and employment, every country tries to protect them. This is done by two ways.
-One, by fiscal regulatory measures like, high taxation, inspection, monitoring controls, quantitative restrictions and foreign exchange controls. Second through non- monitoring barriers like introduction of controllers and inspectors, large documentation, legal insecurity, social and cultural barriers and treatment of outsiders in a different way as compared to insiders.
2.Entrepreneurial culture
An entrepreneur should be open to consider dispassionately the business opportunities that are coming in other countries. The entrepreneur should have a wide vision to expand geographically.
sharon kalunda answered the question on April 16, 2019 at 14:52
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