Publication Date: August 1988
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Juliana Geran Pilon
Research Area: Business; Government
Keywords: Russia and Eurasia
Coverage: Soviet Union
When 500 American businessmen arrived in Moscow this April to talk about joint ventures with the Soviets, the message was clear: joint ventures with the USSR are back on the United States agenda. They also, of course, are on the Soviet agenda. Soviet General Secretary Mikhail Gorbachev perceives joint ventures to be potent medicine for reviving a deeply ailing Soviet economy. While such joint ventures are mainly commercial deals, Washington does have the responsibility to flash a yellow warning light to caution American businesses and the U.S. public of the pitfalls in doing business with the Soviets.