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Why Do Firms Prefer FDI to Licensing

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Why do firms prefer FDI to licensing?


Definitions:

Rainforest

A dense, tropical forest receiving high annual rainfall, home to a vast diversity of flora and fauna.

Drumlin

A commonly teardrop-shaped hill formed when a glacier reshapes glacial deposits.

Roché Moutonnée

A rock formation created by glacial erosion that leaves one side of the rock smooth and polished and the other rugged and plucked.

Esker

A long, narrow, sinuous ridge composed of sediment deposited by a stream flowing within or beneath a glacier.

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