Nynex' Excellent Adventure In ThailandCatherine Arnst
When companies invest in the developing world, conventional wisdom holds that they should avoid political strife. But sometimes, the conventional wisdom is plain wrong. So says Nynex Corp., which was in the midst of negotiating a 15% stake in a joint venture to build 2 million main phone lines in Thailand when a coup broke out. Violent street clashes in April, 1992, between
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