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III Ciclo Empresarial "Retos Institucionales en la Internacionalización hacia Países en Desarrollo"
While internationalization towards developed countries is a challenge for SMEs given their business size and inexperience in foreign markets, when these plan internationalization into developing economies, the great lack of knowledge about them and the new parameters to take on in contracting due to lack of legal security, create more uncertainty.
In the specific case of sub-Saharan Africa, this is because many of these countries have been traditionally excluded from world trade, so no experience has been accumulated on how to interact with them, while at the same time the possibility to encourage their development has been taken away, even though these unknown and different places, offer great business opportunities.
To speak of this, a group of professors from the faculties of Law and Economics, Business and Tourism at the University of Las Palmas have organised the third edition of the business cycle on the institutional challenges in the internationalisation towards developing countries.
It will address both the business and legal aspects, dealing with issues relating to transparency, good governance and combating corruption in international business, cooperation versus institutional competition between investment firms and governments of countries receiving the investment, institutional challenges that face the SMEs of more advanced economies when they internationalise towards Africa, etc.