Nokia (www.nokia.com), the Finnish telecommunications company, has formed an equally owned joint venture with capital corporation, a state-owned Chinese company, to develop a center for the manufacturing and development of telecommunications equipment in China, the world’s fastest-growing market for this kind of equipment. The main aim of the development is to persuade Nokia’s suppliers to move close to the company’s main plant. The Chinese government looks favorably on companies that involve local suppliers. What advantages does a joint venture have over a single company in entering a new market in another country? What are the potential disadvantages? Divide into groups. One-half of the groups will make a strong argument for the joint venture. The other half will make a strong case against the joint venture. Engage in a class debate over the joint venture.