Some Experiences of Joint Venture Establishment and Operation in Hungary

Drives behind the creation of east-west joint ventures in different countries, despite some similarities, demonstrate national peculiarities. Differences as well as similarities can range from governmental policies regulating the economic behavior of enterprises to the strategies employed by different companies. East-west joint ventures have a relatively short history in all countries, rendering empirical studies of their problems and experiences necessary. IIASA's comparative study on east-west joint ventures and their operational problems is based on an international network. Many countries represented in this network have already conducted their own analyses of varying scope and depth. Such an analysis has been done by Hungary, and a summary of the findings are presented in this working paper. The study tries to resolve several research questions important from the point of view of national goals and policies. The findings and conclusions generalize the current practice of operating joint ventures in Hungary and demonstrate the need for more detailed studies in the future