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INTERNATIONAL JOINT VENTURES AND TECHNOLOGY TRANSFER: SOME ECONOMIC ISSUES
Abstract
The paper outlines the benefits and drawbacks to domestic enterprises and to a country of international joint business ventures both at home and abroad. It takes account of such factors as transfer of (and failure to transfer) technology and knowhow, access to markets, cost considerations, provision of capital and foreign exchange and the possibility of continuing dependence on joint-ventures and foreign knowhow. Alternatives to joint ventures, such as purchase of knowhow, solely foreign-owned enterprises, franchising and symbiotic co-operation between legally independent firms, are also considered as means of transfer of knowhow. The impact of profit distribution between partners in a joint venture on knowledge transfer and collective returns is considered from a different viewpoint from that normally considered in the literature. Practical problems, such as the search for a suitable business partner and the problem of detecting and revealing anti-social behaviourby a partner, are raised.
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NOTES AND REFERENCES
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