More than two decades of economic planning in Pakistan have not succeeded at least in containing unemployment within tolerable limits. Even the People’s Works Programme introduced as a “crash” programme to get the situation under control has failed so far to achieve its major objective.

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...