The average household generates an additional return of 3.7% per year from its local holdings relative to its non-local holdings, suggesting local investors are able to exploit local knowledge.

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So far, governments have portrayed any such suggestions as foreign efforts to exploit local weakness.

ECONOMIST: The challenge from up north | The

Making matters worse, any rush to exploit local gas earnings could increase tensions with an increasingly annoyed Turkey.

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Alas, most businessmen submit to the 'ndrangheta's extortion and others willingly exploit the local situation.

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Foreign multinationals in South Korea have learned to exploit large local firms' prejudices by seeking to hire talented women who would otherwise struggle to find decent jobs.

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He put together a holding company, Diversified Asset Management Group Worldwide, to exploit inefficiencies at airports run by local authorities, who can't expand a terminal without an okay from the feds--and who are forced to offer what amounts to lifetime employment to even the least-deserving employees.

FORBES: Grounded

Smaller papers will try to exploit their advantages in such areas as local sport.

ECONOMIST: Newspapers

Having graduated from local news to daytime television, she was quick to exploit her position as America's top daytime host.

ECONOMIST: Dumbing up