Long description
The details of the diagram are as follows:
Motives for Foreign Direct Investment and Collaborative Ventures
Market-seeking motives
Gain access to new markets or opportunities
Follow key customers
Compete with key rivals in their own markets
Resource- or asset-seeking motives
Access raw materials
Gain access to knowledge or other assets
Access technological and managerial know-how available in a key market
Efficiency-seeking motives
Reduce sourcing and production costs
Locate production near customers
Take advantage of government incentives
Avoid trade barriers
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