integrating it into the transnational corporation's global network as fully as if equity capital were involved. In these cases, the venture partners will negotiate shared control arrangements in relation to the value of their resource contributions but with assessments made from a perspective that incorporates the project's expected generation of benefits over its full life span. Thus, the key element for I •• • EiC .10/1990/ 5 English Page 12 assessing how non-equity ventures relate to transnational corporation issues is probably the level of transnational corporation commitment to a venture over the longer term -a notion that was captured both conceptually and functionally by equity ownership at an earlier period. 31. This conclusion has important implications for the discussion of such transnational corporation issues as ownership, control and bene_fit distribution standards. A trade-off seems inevitable between the degree to which a transnational corporation exercises control over a venture and its willingness to make a substantial commitment to the long-tern viability and profitability of the venture, whether or not the enterprise involves a direct foreign equity positjon. The growth of low equity and non-equity ventures may also offer developing countries certain new channels to tie into global markets, either linked to transnational corporation partners or exploring for themselves the potential for non-equity participation in other economies. (c) The spread of mixed-nationality corporations 32. Another important development for the transnational corporation code debate and questions of international regulation, more generally, is a change in the national identification of transnational corporati _ons. The earl·ler perceptions of a transnational corporation were that of an enterprise headquartered in a single home country. This perception is consistent with the early demand of the United States-based transnational corporations for wholly owned foreign subsidiaries. While the largest transnational corporations often seem exempted from pressures for local ownership participation, the proliferation of competitive . transnational 
**Analysis**
The text discusses the integration of non-equity ventures into transnational corporations' global networks, the implications of this trend on ownership, control, and benefit distribution standards, and the emergence of mixed-nationality corporations. These topics are related to the business and economic aspects of international relations, particularly in the context of globalization and international trade.

**Category**
International trade, Industry