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| Author: | Chan, R. Hoy, M. |
| Title: | East-West joint ventures and buyback contracts |
| Journal: | Journal of International Economics
1991 : MAY, VOL. 30:3-4, p. 331-343 |
| Index terms: | TRADE: EAST-WEST JOINT BUSINESS VENTURES CONTRACTS FOREIGN INVESTMENT MULTINATIONAL COMPANIES |
| Language: | eng |
| Abstract: | Contractual joint ventures (CJVs) and the buyback form of countertrade are popular methods that Socialist (Eastern) countries use to attract foreign investment. Some reasons are explored and two predominant characteristics of these contracts are explained: the existence of sharing rules and minimum requirements on inputs. The model stresses the incentive problems involved when a host country, which does not allow foreign direct investment, uses a CJV to obtain the fruits of some knowledge-based production process from a multinational enterprise. Various related issues involving possible future research are considered. |
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