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Essay text:
Some institutional voids:
absence of specialized intermediaries, regulatory systems, and contract enforcing mechanisms,
have caused corporation in emerging market cannot access capital or talent easily and inexpensively.
However, corporation in emerging market can overcome such disadvantage for there reasons :
• Executives from multinational companies are ill equipped to deal with institutional voids such as unsophisticated market research data and unreliable supply chain partners in developing countries
• Once companies from emerging markets have demonstrated a degree of success, they can tap capital and talent market in developed countries, too for e...
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