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Unformatted text preview: o Pharmaceuticals: If poor infrastructure and IPR risks then pharmaceutical companies are not interested o ST risk o LT risk: Over 5 years Risk Management (Mitigation) Techniques o Joint Venture with local partners o Limit R&D in countries with leaky IPR protection o Government insurance against expropriation of property, political violence, currency, inconvertibility, breach of contract (but expensive) o Hedge/Diversify (location factory in Mexico and Venezuela) o Concept of Project Finance (Mozal Project) Strategies That Fit Emerging Markets BRIC countries are examples of Emerging Markets Emerging markets are peculiar because of their institutions Defn: Emerging Market is a country where politics matter as much as the economics...
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This note was uploaded on 09/16/2009 for the course ACCTG 471 taught by Professor Muthannette during the Spring '08 term at Pennsylvania State University, University Park.
- Spring '08