Under the modern traditional theory the sovereign may, Ask an Expert

Economics

Under the modern traditional theory the sovereign may nationalize foreign-owned property only where:

a. it is for public purpose

b. the foreign firm that owned the property was operating it unprofitably

c. a communist government takes over the country

d. the foreign firm has continuously violated the laws of the host country

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91669437

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