Joint Ventures International Investment and Technology Transfer

This volume presents a collection of papers on the emerging patterns of international collaborations between developed and developing nations. The essays on the interrelated topics of joint ventures, international investment and technology transfer focus on the relationship among firms located across different national boundaries with asymmetric technological and institutional characteristics.The different perspectives and methodologies that have been brought together include neoclassical, perfect competition models, and models dealing with imperfect competition, asymmetric information and strategic behavior.The collection emphasizes the modes of resource inflow, from the north to the south. A large part of foreign investment and technology transfer takes place through the multinational corporations (Macs) of the developed world. Protective barriers and other institutional restrictions on the free movement of goods and factors, tangible or intangible, tend to shape the entry strategies of the MNCs in the developing world.The introduction provides an understanding of the theoretical rationale for the movement of capital through multinational firms. The issue of effective technology transfer in the Indian context is of central importance to current policy debates.The book has enormous contemporary relevance for India and other developing countries in today’s globalizing world and will be of immense value to students, researchers, policy-makers and practitioners in the area.The Readers in Economics is a series that comprises important published essays and book extracts on specific themes.