In 1952,the Iranian oil industry was nationalized so that foreign ownership of oil-producing land and equipment was made illegal and the assets were confiscated.Which of the following disadvantages of global expansion is shown in this example?

Question

Quizplus · Accepted Answer

The nationalization of the Iranian oil industry resulted in political risk for foreign companies that had invested in the industry. This event showed that companies face the risk of political intervention and expropriation by foreign governments when expanding globally.

In 1952,the Iranian Oil Industry Was Nationalized So That Foreign