Keywords: entrepreneurship, Central and Eastern Europe, joint ventures, entrepreneurial strategies, Romania, Italy, foreign investment, CEE, transition economies
Entrepreneurial strategies of small Romanian-Italian joint ventures
By the beginning of the 1990s most of the CEE countries were openly welcoming foreign investors by offering political and economic incentives. As a result of these political initiatives a series of joint ventures have been created between foreign investors and local entrepreneurs. Most of these international joint ventures were small in size and were experiencing many internal and external challenges. Using a case study approach this study investigates functioning of small Romanian-Italian joint ventures in Romania, one of the CEE transition economies which experienced a complex economic and social evolution in the 1990s.