Although most of the technological advances and foreign ventures are known, their combined impact is only now becoming clear.

Formerly, such foreign ventures were possible only for historians of the distant past.

Another factor has been the gradual spread of private companies and foreign joint ventures, which provide their workers with far fewer benefits like housing.

As a result, more than 750 foreign joint ventures were set up last year alone.

The company said it would sell a 7 percent stake in a foreign joint venture for an after-tax gain of $139 million.

"Young people, businessmen and those working in foreign joint ventures want some fun," he said.

In 1989-90 the following domestic and foreign joint ventures were set up and operated.

Finally, as always in foreign ventures, a company could use a little luck.

In one deal, he took advantage of tax holidays Poland offered to foreign joint ventures.

There were the start-up costs for Velcro's new foreign ventures, too.