Emerging economies such as India becomes more and more important part of the global business landscape. Until recently, transnational corporations (TNCs) based on the joint venture (JV) with local companies to use these business opportunities. Recently, however, there is a noticeable decrease in the formation of new joint ventures between MNCs and local companies. In addition, many earlier JV also increasingly ceases, often with great anger. Highlights like "regulatory liberalization" of the business environment in India has played a major role, directly or indirectly, to promote this change. It also shows how the other three factors - the "resource complementarity (or lack thereof) between the partners," "race to learn" between the partners, and the "back to globalization MNC partners" - affect the formation of joint ventures in more liberalized environment. "Hide
by Prashant Kale, Jaideep Anand Source: California Management Review 16 pages. Publication Date: May 1, 2006 year. Prod. #: CMR339-PDF-ENG
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