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Some techniques have proved particularly successful. One is diversifying operations. Chrysler escaped a wave of nationalisation in Peru because its local factory manufactured only half the components needed to assemble a car. Another is putting down deep local roots. Over the years Shell has trained and employed many of the people who regulate Nigeria’s oil industry. A third is sharing risks. A growing number of companies form complex alliances with other firms, NGOs and government bodies.
Yet all these techniques come with a sting in the tail. Creating global operations may spread risks rather than isolating them when a vital factory is closed. Cuddling up to the local regime may turn you into an object of hatred, as Shell has discovered in Nigeria. Weaving alliances with local people you cannot fully control may expose you to charges of corruption. It turns out that political economy is a much more complicated subject than its trendy modern offspring, economics.

A. 어휘
diversifying operations 다양화 작전. nationalisation 國有化(국유화).
components 部品(부품), 構成素(구성소). regulate 통제하다, 규제하다.
sharing risks 위험을 분담하는 것. complex alliances 복합동맹.
sting 찌르기, 毒牙(독아). isolate 고립시키다.
Cuddling up to 응석을 받아주다, 다정스럽게 껴안다.
object of hatred 증오의 대상. Weave 織造(직조)하다. expose 노출시키다.
complicated subject 복잡한 주제. trendy 유행하는.
offspring 자손.