Joint Ventures in
Dr. Bill Belew
Issue IV - July 4, 2006
Introduction by Mr. Stolyarov:
The Russian marketplace is steadily being strangled by corrupt
bureaucracy, statist government, arbitrary laws, and authoritative
caprices. Dr. Belew writes of an automotive retail group, Inchcape,
which seeks to expand its operations into Moscow. We should wish
Inchcape well in bringing a piece of the free market to a statist
country controlled by whimsical, capricious, and arbitrary bureaucrats.
Let us hope that Inchcape has the fortitude and resolve to resist
attempts by the bureaucrats to control and expropriate it; knowing the
Putin regime, these attempts are certainly forthcoming.
Russia is not quite the bear that the dragon of China is. But Russia
still has appeal despite the many real obstacles and challenges a
business partner might face.
The laws change seemingly on a whim; the government jumps in and out
of relationships; work stops; a GM factory faced a temporary shutdown
when it couldn't come to terms with a state-owned partner.
Still, there are a number of joint ventures in the news.
Despite the problems that GM has been having, the automotive retail
group Inchcape hopes to team up with Moscow's automotive retailer
Inchcape has operations in Europe, Hong Kong, Singapore and
Australia, so, why not Russia, too, they say.
Inchcape wants to sell and service Toyotas in Moscow. Toyota is one
of Inchcape's global brand partners.
Inchcape will be majority owner and have one tire in Moscow's
Dr. Bill Belew is a former Intelligence
Officer for a Destroyer Squadron. He lived 20 years in Japan, where he
started a language school for Japanese
Dr. Belew teaches classes for a vocational school and online for a
See Dr. Belew's blog,
for news and discussions about business and current events in Russia and
for Dr. Belew's reports on business in China,
on business in Japan, and
TheBizofKnowledge on business education.
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