Many developing countries see in joint ventures a convenient means of pursuing their economic development in their own way without forgoing the benefits to be derived from foreign investment capital and know-how. The following article presents some of the findings of an empirical study by the...

The island's rapid industrialisation over the past decade and its development as the main trade and financial centre of South-East Asia, supported by a phenomenal growth in tourism, constitute yet another Asian economic miracle.

Hong Kong’s metamorphosis from an entrepot to an industrial economy during the past quarter of a century gives a good example of how a developing country can achieve remarkable growth through international trade.