_____ refers to the reaction of local firms to rise to the challenge demonstrated by MNEs through learning and imitation.

Name: _____ refers to the reaction of local firms to rise to the challenge demonstrated by MNEs through learning and imitation.
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The contagion effect refers to the phenomenon where local firms respond to the presence and practices of multinational enterprises (MNEs) by learning from and imitating them, thereby rising to the challenge.

_____ Refers to the Reaction of Local Firms to Rise