When entering new geographic markets,some governments,such as those of Saudi Arabia and China,require that foreign firms have a local

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When entering new geographic markets, some governments, such as those of Saudi Arabia or China, require that foreign firms have a local joint venture partner. While the foreign firm can benefit from local expertise and contacts, it is exposed to the risk that some of its proprietary know-how may be appropriated by the foreign partner.

When Entering New Geographic Markets,some Governments,such as Those of Saudi