Many of the developing countries require that the local partner of a joint venture has minority equity control of the venture.

Question

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Many of the developing countries require that the local partner of a joint venture has majority equity control of the venture and also insist on joint ventures with government participation. Many foreign countries favor joint ventures because they allow local individuals and firms to participate in the benefits of economic growth and decrease the risk of foreign domination of local industry.

Many of the Developing Countries Require That the Local Partner