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WHY DO MANDATED INTERNATIONAL JOINT VENTURES STILL EXIST?

It is widely believed that restrictions against foreign direct investment (FDI) should be eliminated altogether. However, local equity requirements (LERs) that effectively mandate multinational enterprises (MNEs) to enter through international joint ventures (IJVs) are still common and are seemingly...

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Published in:Contemporary Economic Policy Vol. 39; no. 1; pp. 236 - 248
Main Authors: Cai, Dapeng, Karasawa‐Ohtashiro, Yukio
Format: Article
Published: Wiley-Blackwell Jan2021
Subjects:
International business enterprises
Joint ventures
Foreign investments
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