For Western investors seeking to do business in developing countries in the 1970s and 1980s, there was the "Third World" logic which permeated a lot of the thinking of the entrepreneurs brave enough to take the plunge. In other words, the risk factors were usually priced in, but a lot of those factors were often based on individual value judgements and anecdotal evidence rather than hard-headed market data. As globalisation heightened interest in investment in developing countries towards the 1990s and 2000s, however, it became apparent that the old "Third World" assumptions could no longer...
For Western investors seeking to do business in developing countries in the 1970s and 1980s, there was the "Third World" logic which permeated a lot o...
