China and India require that when foreign firms enter into joint ventures with local firms,the local partners must have the controlling ownership stake.What is this an example of?
A) Local content laws
B) Business practice laws
C) Fair trade agreements
D) Quotas
E) Subsidies

Question

Quizplus · Accepted Answer

This is an example of local content laws, which require foreign companies to have a local partner with a controlling stake in the joint venture. This is aimed at encouraging the transfer of technology and knowledge to the local partner.

China and India Require That When Foreign Firms Enter into Joint