Strategies for Joint Ventures in the People's Republic of China

Strategies for Joint Ventures in the People's Republic of China

Strategies for Joint Ventures in the People's Republic of China

Strategies for Joint Ventures in the People's Republic of China

Synopsis

The authors show that the sucess of a joint venture in the People's Rebublic of China, to a considerable extent, depends on understanding the Chinese perspective. The authors help the reader develop a feel for Chinese ideology, culture, and infrastructure.

Excerpt

China's open door policy has not only allowed foreign firms to start joint ventures in China, but has also encouraged increased contact between academics in China and other countries. This higher level of contact has proved to be immensely beneficial for increased mutual understanding of vastly different economic systems. Thousands of scholars have crossed the Pacific in both directions to learn and to contribute their knowledge.

During the fall semester of 1985, the authors jointly conducted a doctoral seminar at Southern Illinois University on the theories of the multinational firm, the Chinese socialist economy, and joint ventures in China. the 12 participants--the 2 of us and 10 students--found the seminar to be an extremely valuable learning experience. This seminar provided the motivation for this book, which is partly based on our experiences with joint ventures in China.

Since 1978 many foreign firms have gone to China to establish joint ventures. Some of the ventures have been successful, while others have not turned out as planned. As we studied the successful and the less than successful joint ventures in China, we noticed . . .

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