The joint ventures in globalization process

Developing countries need foreign investments to reach to the industrialization level of the develop countries. The companies in the developed countries need new markets, cheap row materials etc. So, there is a market for foreign capital in the world.In recent years, it is observed that multinational companies have a tendency to enter to the host country by establishing Joint Ventures. Most important reason for selecting this sharing all investment risks with the local partner, made. On the orher hand, host country especially less developed anad developing countries could transfer some techonologies to their countries which they can?t invent or they haven?t got Money to get these techonologies. Joint Ventures help them to get this kinds of techonologies.Because of this kind of reasons, Joint Venture investments which are perefered a lot take mutual benefits both to the country which companies invest take advantage of to the others and country which companies take advantage of Joint Venture.There are both advantages and disadvantages of joint venture investments. Both of them must be known, necessary plans and precautions must be performed to gain maximum advantages and minimum disadvantages, at least in terms of the company and the terms of the country that foreign capital have made investments to be prepared for future events.Key Words: 1)Joint Venture, 2)Globalization, 3)Multinational Company, 4) Developing Countries, 5) Automotive Industry