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Foreign Investment And The Role Of Joint Ventures

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  • UDO BROLL
  • SUGATA MARJIT

Abstract

Foreign investment in developing countries and in economies in transition may be discouraged by fluctuations in the value of local currencies, particularly when risk sharing markets, such as currency future markets are missing. International joint ventures can be regarded as an institution for risk sharing. We demonstrate that a properly designed joint venture between the foreign firm and a local partner makes foreign investment more likely. Furthermore, foreign investment may be increased by a joint venture.

Suggested Citation

  • Udo Broll & Sugata Marjit, 2005. "Foreign Investment And The Role Of Joint Ventures," South African Journal of Economics, Economic Society of South Africa, vol. 73(3), pages 474-481, September.
    • Handle: RePEc:bla:sajeco:v:73:y:2005:i:3:p:474-481
    DOI: 10.1111/j.1813-6982.2005.00032.x
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