JAMES E. SHAPIRO recently retired as President and CEO of Dupont-Xerox Imaging in Lionville, Pennsylvania and is currently a consultant in the field of joint ventures. He was formerly Corporate V.P. and President of China and South Pacific Operations for Xerox.JACK N. BEHRMAN is Luther Hodges Distinguished Professor at the Kenan-Flagler School of Business of the University of North Carolina at Chapel Hill. He teaches international business, business/government relations, ethics, and comparative management. He has published over 100 articles and some 40 books and monographs on international economic and industrial issues.WILLIAM A. FISCHER is the Dalton L. McMichael, Sr. Professor of Business Administration at the Kenan-Flagler School of Business of the University of North Carolina at Chapel Hill. He is also Professor at the International Institute for Management Development (IMD), Lausanne, Switzerland.SIMON G. POWELL is a Legislative Analyst with the Maryland General Assembly. He is the author of a forthcoming book Agricultural Reform in China as well as numerous articles and book chapters. He received his doctorate in Geography (specializing in China) from the University of Leeds, England and lived in China for a year.

• Preface Introduction and Overview China's Open Policy Why the New Policy? The Investment Environment Cultural Environment Legal Environment Decision-Making and Markets China as a Production Base Contributions of Foreign Direct Investment Negotiating a Joint Venture Implementing the Agreement Prospects for Development and Modernization Appendix Selected Bibliography Index

JAMES E. SHAPIRO recently retired as President and CEO of Dupont-Xerox Imaging in Lionville, Pennsylvania and is currently a consultant in the field of joint ventures. He was formerly Corporate V.P. and President of China and South Pacific Operations for Xerox.JACK N. BEHRMAN is Luther Hodges Distinguished Professor at the Kenan-Flagler School of Business of the University of North Carolina at Chapel Hill. He teaches international business, business/government relations, ethics, and comparative management. He has published over 100 articles and some 40 books and monographs on international economic and industrial issues.WILLIAM A. FISCHER is the Dalton L. McMichael, Sr. Professor of Business Administration at the Kenan-Flagler School of Business of the University of North Carolina at Chapel Hill. He is also Professor at the International Institute for Management Development (IMD), Lausanne, Switzerland.SIMON G. POWELL is a Legislative Analyst with the Maryland General Assembly. He is the author of a forthcoming book Agricultural Reform in China as well as numerous articles and book chapters. He received his doctorate in Geography (specializing in China) from the University of Leeds, England and lived in China for a year.

• Preface Introduction and Overview China's Open Policy Why the New Policy? The Investment Environment Cultural Environment Legal Environment Decision-Making and Markets China as a Production Base Contributions of Foreign Direct Investment Negotiating a Joint Venture Implementing the Agreement Prospects for Development and Modernization Appendix Selected Bibliography Index