Which of the following is an advantage of indigenization?
Answer Details
The advantage of indigenization is that it fosters self-reliance. Indigenization refers to the process of bringing about the local ownership and control of resources, industries and businesses that were previously owned and controlled by foreign entities. This allows for the development of local expertise and knowledge, leading to self-reliance in the management of the resources and industries. This means that the country can become less dependent on foreign entities, and can rely on its own resources to develop and prosper. This can have a positive impact on the economy, and can contribute to the overall growth and development of the country.