WAEC - Commerce (2008 - No. 42)
One disadvantage of indigenization is that it
discourages foreign control of an economy
encourages local retention of profits
encourages the participation of indigenes in economic development
discourages foreign investment
Explication
Indigenization discourages foreign investment in a way that foreign investors would not want to invest in the said country because of the possibility of their companies/ businesses being converted to the state's property.