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2. Jim Logan's business, a US-based Sports Exports Company is continuing to grow. His primary product is footballs he produced exports to distributors in the

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2. Jim Logan's business, a US-based Sports Exports Company is continuing to grow. His primary product is footballs he produced exports to distributors in the United Kingdom. Meanwhile, his recent joint venture with the British firm has been successful. (a) Define foreign direct investment. (1 mark) (b) Describe THREE (3) potential benefits to an MNC as a result of foreign direct investment (FDI). (6 marks) (c) Explain FOUR (4) barriers to foreign direct investment (FDI). (8 marks)

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