The government would sell ethane and fuel gas to the project "at prices such that the venture could be economically competitive", and provide local know-how and protection from import-competition. ... Most producers were experiencing problems of overcapacity in the Western countries and Japan. ... Under such arrangements, the foreign firm provided all the funds and operated the project. ... On the other hand, the government assumes that those benefits were quite marginal and Dow's figures and assumptions were used throughout to calculate the private and social returns. ...

• Word Count: 1101
• Approx Pages: 4
• Grade Level: Undergraduate