Cooperation between Entrepreneurs of Developed and Developing Countries: Theoretical Considerations and Empirical Evidence 1

Abstract

In most discussions on international business cooperation, the reference is to large firms. With the growing accent on globalisation of business, cooperation between the entrepreneurs of developed and developing countries is likely to receive a new momentum. As a consequence, an increasingly larger number of firms, including relatively small ones, belonging to different countries may find it advantageous, in fact necessary, to enter into business arrangements for mutual benefit. Based on the Belgian experience, this paper discusses what could be the motive forces behind such arrangements, and what form of cooperation would best serve the purposes of all parties involved.