The government in Chile recently informed Mario's company that his retail grocery chain in Chile would have to be gradually turned over to the people of Chile by the year 2050 as it is a foreign company in Chile. Additionally, starting the following year, 50 percent of the board of directors of the Chilean operation of the company must be Chileans. What political risk action is Mario's company facing in Chile?

Question

Quizplus · Accepted Answer

Domestication refers to a situation where a government mandates that a foreign business transfer control or ownership to national interests, often gradually, which aligns with the scenario described for Mario's company in Chile.

The Government in Chile Recently Informed Mario's Company That His