What Companies Have Learned from Losing Billions in Emerging Markets
Harvard Business Review
SEPTEMBER 16, 2015
In contrast, in 2010 in Borneo Churchill Mining lost the right to use land it had purchased and spent $40 million surveying when Indonesia decentralized its government and a local authority changed the rules. Given the conflicts that have roiled the country in recent years, his company deemed both the political and regulatory risks too great.
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