Establishing a formal presence also demonstrates to potential customers a seriousness of purpose with respect to China.
To put it simply, they decide to stay informal because the total costs of entry, operation and exit associated with joining the formal sector are greater than the potential benefits.
Yet for all the gloom in the Labour ranks, there is no sign as yet of a formal leadership challenge, or of a potential alternative (such as David Miliband, the foreign secretary or Alan Johnson, the health secretary), publicly breaking ranks with the prime minister.
While risk aversion is certainly a factor, that tiny sliver of formal ownership shows that there are considerable structural impediments facing potential entrepreneurs.
FORBES: India Simultaneously Most Confident, Least Entrepreneurial Nation In Asia
It is understood the purpose of the meeting was to help the police assess any potential criminality and whether they should begin a formal investigation.
In his formal statement, the Russian representative talked grandly of using national potential and creating incentives for sustainable development.
The aim of the European Youth Forum during this week is to stress the wide potential and the pivotal role played by youth organizations in delivering non-formal education.
However on Sunday it revealed it had received a formal approach from the WICB - and that Gibson had also asked to talk to his potential new employers.
We also find significant potential trading gains over three- to 30-day horizons after the conference for firms providing formal off-line access, suggesting that selective access can lead to profitable trading opportunities.
FORBES: Can Investors Benefit from Private Meetings with Management?
Does the White House have any obligation to provide a support structure in defense of some of these people whose names have been mentioned as potential Cabinet nominees in the interim or while they're in this limbo waiting for a formal announcement?
The company said formal bids would be assessed against a range of criteria, including the continued employment of disabled people by any potential new owner.
应用推荐