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THE CONTRACTUAL JOINT-VENTURE

A FORM OF JOINT-VENTURE HAS GAINED INCREASING IMPORTANCE IN RECENT YEARS. IT MAY WELL BECOME THE PREDOMINANT FORM FOR EXPLOITATION OF NATURAL RESOURCES, THE CONTRACTUAL JOINT VENTURE. IT SAFEGUARDS THE SYMBOLS OF SOVEREIGNTY IN THE LESS DEVELOPED COUNTRIES WHILE ENABLING THE FOREIGN INVESTOR TO SHAR...

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Bibliographic Details
Published in:Journal of world business : JWB 1972-01, Vol.7 (1), p.57
Main Author: Friedmann, Wolfgang
Format: Article
Language:English
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Summary:A FORM OF JOINT-VENTURE HAS GAINED INCREASING IMPORTANCE IN RECENT YEARS. IT MAY WELL BECOME THE PREDOMINANT FORM FOR EXPLOITATION OF NATURAL RESOURCES, THE CONTRACTUAL JOINT VENTURE. IT SAFEGUARDS THE SYMBOLS OF SOVEREIGNTY IN THE LESS DEVELOPED COUNTRIES WHILE ENABLING THE FOREIGN INVESTOR TO SHARE IN THE PROFITS AND ACCESSIBILITY TO RAW MATERIALS IN PROPORTION TO HIS FINANCIAL AND MANAGERIAL CONTRIBUTIONS. THE ADAPTABILITY OF THE CONTRACTUAL JOINT VENTURE HAS BEEN DEMONSTRATED IN SOCIALIST YUGOSLAVIA. IT HAS PERMITTED THE RECONCILIATION OF THE YUGOSLAV PHILOSOPHY OF SOCIAL PROPERTY AND THE WORKERS RIGHT TO SELF-MANAGEMENT WITH THE DESIRED DEVELOPMENT OF THE ECONOMY BY FOREIGN INDUSTRIAL INVESTMENT AND KNOW-HOW.
ISSN:1090-9516
1878-5573