What does it refer to? Goverment policies often have a lot to do with management contracts. When a goverment forbids foreign ownership in certain industries it considers to be of strategic importance

Felix

What does it refer to? Goverment policies often have a lot to do with management contracts. When a goverment forbids foreign ownership in certain industries it considers to be of strategic importance but lacks the expertise for operation, management contracts may be a practical choice enabling a foreign company to operate in the industry without owning the assets. If it refers to "foreign ownership" why didn't use passive tense such as "it is considered to be of"

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الإجابات · 5

The full sentence is "...certain industries that it (government) considers to be ..." The that is omitted or elliptical; it is allowed. The are two constituent sentences to the clause: 1. Government considers certain industries to be of strategic importance. 2. Government forbids foreign ownership in certain industries. If you combine the two, you get: Government forbids foreign ownership in certain industries that it considers to be of strategic importance.

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Here, 'it' refers to the government. The government "considers [foreign ownership] to be of strategic importance but lacks the expertise for operation..."

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