Create a new account

It's simple, and free.

RUSSIAN-AMERICAN BUSINESS PARTNERSHIPS

RUSSIAN-AMERICAN BUSINESS PARTNERSHIPS

This research paper discusses the evolution of business partnerships between Russians and Americans as vehicles for doing business in the Russian Federation, including their potential and problems. From a business standpoint, the terms business partnerships, joint ventures and strategic alliances can be used interchangeably but the term joint ventures is the term most commonly used in the Russian context because of its special legal meaning and is therefore used in this paper. Joint ventures have become the most common vehicle for carrying out American business investment in Russia since 1987. Enormous difficulties stand in the way of their becoming successful financially, but a few thousand hardy investors, American and Russian, have persevered in the face of truly awesome obstacles. Success or failure depends on a variety of factors, some of which are external to the venture itself and others which relate to the difficulties of managing and operating such organizations in the Russian environment.

Attractions of the Post-Soviet Union Market

Joint ventures, Russian companies jointly owned by foreign and Russian investors, were not uncommon in the late 19th and early 20th century and were briefly permitted in the 1920s under Vladimir Lenin's New Economic Policy. For all practical purposes, foreign investment disappeared from the Soviet scene during the Stalinist era and until Russian-foreign joint ventures were authorized again by the regime of Mikhail Gorbachev in 1987 under decrees which permitted Soviet state enterprises to enter into joint ventures with foreign partners. Prior to the end of 1988, when restrictions on the percentage on foreign ownership were removed, the Soviet partner had to own at least fifty one percent of the joint venture and the Chairman of the Board of Directors and the Director General or chief operating officer had to be a Soviet citizen (Rosten, 1991, Winte...

Page 1 of 14 Next >

More on RUSSIAN-AMERICAN BUSINESS PARTNERSHIPS...

Loading...
APA     MLA     Chicago
RUSSIAN-AMERICAN BUSINESS PARTNERSHIPS. (1969, December 31). In LotsofEssays.com. Retrieved 08:14, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1681568.html