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International Joint Ventures in Developing Countries. Happy Marriages?

Author

Listed:
  • Miller, R-R
  • Glen, J-D
  • Jaspersen, F-Z
  • Karmokolias, Y

Abstract

The study reported here concentrates on a particular form of international corporate entry into developing countries : cross-border joint ventures (JVs). Although offering a variety of positive incentives, ranging in principle from the reduction of financial exposure to the acquisition of complementary knowledge and skills, JVs have had a relatively high failure rate. This study proves why this record seems to be true, and details the types of problems that arise in negotiating JV agreements and, later, in operating the JV itself.

Suggested Citation

  • Miller, R-R & Glen, J-D & Jaspersen, F-Z & Karmokolias, Y, 1996. "International Joint Ventures in Developing Countries. Happy Marriages?," Papers 29, World Bank - International Finance Corporation.
  • Handle: RePEc:fth:wobafi:29
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    Citations

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    Cited by:

    1. Beata S. Javorcik & Kamal Saggi, 2010. "Technological Asymmetry Among Foreign Investors And Mode Of Entry," Economic Inquiry, Western Economic Association International, vol. 48(2), pages 415-433, April.
    2. Smarzynska, Beata K., 2000. "Technological leadership and foreign investors'choice of entry mode," Policy Research Working Paper Series 2314, The World Bank.
    3. Indrani Roy Chowdhury & Prabla Chowdhury, 2002. "International Joint Ventures: A Welfare Analysis," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 5(1), pages 51-60.

    More about this item

    Keywords

    DEVELOPING COUNTRIES ; JOINT VENTURES;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • G3 - Financial Economics - - Corporate Finance and Governance

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