Joint ventures were developed as ways to partner with a politically well-connected company in a foreign country to help prevent things like nationalization of a foreign company by the host government.

Question

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Joint ventures are often used as a way to partner with a local company that has political connections and knowledge of the host country's laws and regulations. This can help the foreign company navigate any potential risks or challenges, including the threat of nationalization by the host government.

Joint Ventures Were Developed as Ways to Partner with a Politically