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> Instead they try to develop inhouse production that they own and have to cover the initial capital costs. Then provide tax credits and advantageous financing
by JackFr 11y ago
> Instead they try to develop inhouse production that they own and have to cover the initial capital costs.
Then provide tax credits and advantageous financing. A local content minimum insures that the local industry faces no incentive to become competitive and is simply a sinecure for well connected and politically powerful industrialists.