This article discusses plant-closing decisions by multinational enterprises (MNEs) applying a stakeholder theory approach. In particular, we focus on the emergence of "intra-stakeholder alliances," that is, alliances among the various stakeholder groups of a specific corporation. We analyze the emergence of stakeholder alliances in reaction to MNEs' decisions to terminate production locally and discuss their influence on the outcomes of such decisions. Our research is inspired by two exceptional case studies of two multinational breweries that announced their decisions to close niche breweries in small towns in Italy and Belgium. In both cases, the initial decision was ultimately reversed through the actions of intra-stakeholder alliances. We combine insights from stakeholder theory and the social movement literature to analyze the action and influence of intra-stakeholder alliances in seven cases of plant-closing decisions. We conclude by formulating four general propositions that can provide guidance to MNE management in plant-closing decisions. Our findings extend managerial stakeholder theory, show how this approach can improve strategic management analysis, emphasize the importance of the relationships among (local) stake-holders in the (global) value-creation process, and shed light on the collective action and influence of intra-stakeholder alliances.
{"title":"Intra‐Stakeholder Alliances in Plant‐Closing Decisions: A Stakeholder Theory Approach","authors":"Y. Fassin, Simone de Colle, R. Freeman","doi":"10.1111/beer.12136","DOIUrl":"https://doi.org/10.1111/beer.12136","url":null,"abstract":"This article discusses plant-closing decisions by multinational enterprises (MNEs) applying a stakeholder theory approach. In particular, we focus on the emergence of \"intra-stakeholder alliances,\" that is, alliances among the various stakeholder groups of a specific corporation. We analyze the emergence of stakeholder alliances in reaction to MNEs' decisions to terminate production locally and discuss their influence on the outcomes of such decisions. Our research is inspired by two exceptional case studies of two multinational breweries that announced their decisions to close niche breweries in small towns in Italy and Belgium. In both cases, the initial decision was ultimately reversed through the actions of intra-stakeholder alliances. We combine insights from stakeholder theory and the social movement literature to analyze the action and influence of intra-stakeholder alliances in seven cases of plant-closing decisions. We conclude by formulating four general propositions that can provide guidance to MNE management in plant-closing decisions. Our findings extend managerial stakeholder theory, show how this approach can improve strategic management analysis, emphasize the importance of the relationships among (local) stake-holders in the (global) value-creation process, and shed light on the collective action and influence of intra-stakeholder alliances.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129298564","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In recent years, there has been a noticeable increase in organizational trends to hire irregular workers. This inclination, in a time of great flux and uncertainty, exacerbates human resource issues faced by firms. We argue that corporate social responsibility (CSR) can be an important antecedent to improve the workplace attitudes of irregular workers and as a result reduce the negative impact on organizations of the increased use of an irregular workforce. Hence, we explore the relationship between perceived CSR (composite and disaggregated) and unfairness perception and social relations of subcontracted workers with regular workers. We further attempt to explain these relationships through the mediating effects of psychological contract violation and organizational identity, respectively. Our analysis supports a negative effect of composite and external CSR on unfairness perception and positive effect on social relations. Additionally, our results support partial mediating roles of psychological contract violation and organizational identity. Theoretical and practical implications of the results are also discussed.
{"title":"CSR and the Workplace Attitudes of Irregular Employees: The Case of Subcontracted Workers in Korea","authors":"M. Ali, Heungjun Jung","doi":"10.1111/beer.12146","DOIUrl":"https://doi.org/10.1111/beer.12146","url":null,"abstract":"In recent years, there has been a noticeable increase in organizational trends to hire irregular workers. This inclination, in a time of great flux and uncertainty, exacerbates human resource issues faced by firms. We argue that corporate social responsibility (CSR) can be an important antecedent to improve the workplace attitudes of irregular workers and as a result reduce the negative impact on organizations of the increased use of an irregular workforce. Hence, we explore the relationship between perceived CSR (composite and disaggregated) and unfairness perception and social relations of subcontracted workers with regular workers. We further attempt to explain these relationships through the mediating effects of psychological contract violation and organizational identity, respectively. Our analysis supports a negative effect of composite and external CSR on unfairness perception and positive effect on social relations. Additionally, our results support partial mediating roles of psychological contract violation and organizational identity. Theoretical and practical implications of the results are also discussed.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115659984","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2017-03-08DOI: 10.1108/EBHRM-03-2017-0019
E. Galanaki, N. Papalexandris
Purpose The purpose of this paper is to identify the challenges posed to business leaders from major global demographic changes expected in the workforce composition, such as higher participation of women and more active involvement of elder and more experienced people in the future workforce. Design/methodology/approach The authors ran a survey among 733 middle managers, focusing on their ideal leadership behavior. The Global Leadership and Organizational Behavior project methodology was applied for data collection and analyses. Findings Several significant differences were established in leadership ideals according to gender, age and managerial experience. The differences based on gender had higher practical significance than the ones based on age and experience of the respondents. Research limitations/implications The paper adds up to the pertinent in the implicit leadership approach dialogue over the existence of stable, global and unchanging aspects of leadership. Practical implications Leader behaviors traditionally deemed as positive, such as the participative and charismatic/value-based leadership, are shown to be critical for the future business leader. Leadership development in organizations should focus on these two aspects. Social implications Leaders who can meet the expectations of diverse groups of people will be able to achieve inclusion of least privileged groups at the business level, leading to higher inclusion at the social, aggregate level. Originality/value The paper is the first to explore how documented demographic trends could affect the way that leadership will evolve in the near future.
{"title":"Demographic Challenges for the Future Business Leader: Evidence from a Greek Survey","authors":"E. Galanaki, N. Papalexandris","doi":"10.1108/EBHRM-03-2017-0019","DOIUrl":"https://doi.org/10.1108/EBHRM-03-2017-0019","url":null,"abstract":"Purpose \u0000 \u0000 \u0000 \u0000 \u0000The purpose of this paper is to identify the challenges posed to business leaders from major global demographic changes expected in the workforce composition, such as higher participation of women and more active involvement of elder and more experienced people in the future workforce. \u0000 \u0000 \u0000 \u0000 \u0000Design/methodology/approach \u0000 \u0000 \u0000 \u0000 \u0000The authors ran a survey among 733 middle managers, focusing on their ideal leadership behavior. The Global Leadership and Organizational Behavior project methodology was applied for data collection and analyses. \u0000 \u0000 \u0000 \u0000 \u0000Findings \u0000 \u0000 \u0000 \u0000 \u0000Several significant differences were established in leadership ideals according to gender, age and managerial experience. The differences based on gender had higher practical significance than the ones based on age and experience of the respondents. \u0000 \u0000 \u0000 \u0000 \u0000Research limitations/implications \u0000 \u0000 \u0000 \u0000 \u0000The paper adds up to the pertinent in the implicit leadership approach dialogue over the existence of stable, global and unchanging aspects of leadership. \u0000 \u0000 \u0000 \u0000 \u0000Practical implications \u0000 \u0000 \u0000 \u0000 \u0000Leader behaviors traditionally deemed as positive, such as the participative and charismatic/value-based leadership, are shown to be critical for the future business leader. Leadership development in organizations should focus on these two aspects. \u0000 \u0000 \u0000 \u0000 \u0000Social implications \u0000 \u0000 \u0000 \u0000 \u0000Leaders who can meet the expectations of diverse groups of people will be able to achieve inclusion of least privileged groups at the business level, leading to higher inclusion at the social, aggregate level. \u0000 \u0000 \u0000 \u0000 \u0000Originality/value \u0000 \u0000 \u0000 \u0000 \u0000The paper is the first to explore how documented demographic trends could affect the way that leadership will evolve in the near future.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125949544","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The literature on the relationship between the private sector, armed conflict, and peacebuilding has extensively analyzed how companies adapt to unstable contexts, what risks they face and how they are tackled, and the degree to which expected peace dividends serve as motivation for companies to engage in peacebuilding. However, while the importance of the private sector for war-to-peace transitions is clear, little has been said about the specific strategies adopted by companies in transition periods. How do companies prepare for peace? What choices do they face? How essential is the role of the CEO or owner? What unique strategies do firms take to adapt to political change? This paper aims to build theory on business strategies in times of transition from conflict to peace to prioritize an under-studied branch of business-peace literature. We identify four types of business strategies for peace (operational, political, philanthropic, public relations). We explore these strategies through choices of firms operating in Colombia to expose key literature gaps and suggest five new research strands that have the potential to integrate strategy and risk calculations into testable study of business-peace relationships.
{"title":"From War-Torn to Peace-Torn? Mapping Business Strategies in Transition from Conflict to Peace in Colombia","authors":"Jason Miklian, A. Rettberg","doi":"10.2139/ssrn.2925244","DOIUrl":"https://doi.org/10.2139/ssrn.2925244","url":null,"abstract":"The literature on the relationship between the private sector, armed conflict, and peacebuilding has extensively analyzed how companies adapt to unstable contexts, what risks they face and how they are tackled, and the degree to which expected peace dividends serve as motivation for companies to engage in peacebuilding. However, while the importance of the private sector for war-to-peace transitions is clear, little has been said about the specific strategies adopted by companies in transition periods. How do companies prepare for peace? What choices do they face? How essential is the role of the CEO or owner? What unique strategies do firms take to adapt to political change? This paper aims to build theory on business strategies in times of transition from conflict to peace to prioritize an under-studied branch of business-peace literature. We identify four types of business strategies for peace (operational, political, philanthropic, public relations). We explore these strategies through choices of firms operating in Colombia to expose key literature gaps and suggest five new research strands that have the potential to integrate strategy and risk calculations into testable study of business-peace relationships.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115233111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The conjunction of business and peace is a growing global phenomenon, but conducted and researched over a vast array of fields and contextual settings. This article provides theoretical order for this disparate material, illustrating cutting-edge research and highlighting the most urgent knowledge gaps to fill. Extracting findings from the business community, international organizations, and the academic community, this article maps these findings into five assertions about how businesses impact upon peace: economic engagement facilitates a peace dividend; encouraging local development facilitates local capacities for peace; importing international norms improves democratic accountability; firms can constrain the drivers or root causes of conflict; and undertaking direct diplomatic efforts with conflict actors builds and/or makes peace. These assertions provide a framework for categorizing and testing prominent business-peace arguments. They also support preliminary arguments that businesses cannot expect to be rewarded as peacebuilders just because they undertake peacebuilding activities, that economic opening only brings as much peace as a local regime will allow, and that truly courageous business-peace choices are rarely made in fragile contexts. This framework can encourage more coherent scholarly findings and more effective business engagements within the complex and challenging realm of peacebuilding.
{"title":"Mapping Business-Peace Interactions: Five Assertions for How Businesses Create Peace","authors":"Jason Miklian","doi":"10.2139/ssrn.2891391","DOIUrl":"https://doi.org/10.2139/ssrn.2891391","url":null,"abstract":"The conjunction of business and peace is a growing global phenomenon, but conducted and researched over a vast array of fields and contextual settings. This article provides theoretical order for this disparate material, illustrating cutting-edge research and highlighting the most urgent knowledge gaps to fill. Extracting findings from the business community, international organizations, and the academic community, this article maps these findings into five assertions about how businesses impact upon peace: economic engagement facilitates a peace dividend; encouraging local development facilitates local capacities for peace; importing international norms improves democratic accountability; firms can constrain the drivers or root causes of conflict; and undertaking direct diplomatic efforts with conflict actors builds and/or makes peace. These assertions provide a framework for categorizing and testing prominent business-peace arguments. They also support preliminary arguments that businesses cannot expect to be rewarded as peacebuilders just because they undertake peacebuilding activities, that economic opening only brings as much peace as a local regime will allow, and that truly courageous business-peace choices are rarely made in fragile contexts. This framework can encourage more coherent scholarly findings and more effective business engagements within the complex and challenging realm of peacebuilding.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"147 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133153027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
ABSTRACT International business research has predominantly focused on how foreign direct investment relates to the asset-side of non-financial firm’s balance sheet, the finance-specific factors have been ignored to a great extent while studying the foreign direct investment decision. But since these factors are not merely a by-product of a firm’s competitive strength or weakness, they deserve attention when investment patterns are to be interpreted. Financial specific strategies are important to all firms but are particularly important to MNEs in emerging capital markets where the assumption that MNEs have no problems raising capital to engage in international investments where the statement doesn’t hold true. The major objective of this paper is to provide a review of the literature regarding the financial aspects of foreign direct investment. This review allows us to distinguish between two streams of studies. The first stream deals with the stock markets valuation effect on firms’ international investment decision while the other addresses the stock market reactions to foreign direct investment announcements. The latter is important to form a complete picture about the relationship between stock markets and foreign direct investment. Using a qualitative analytical method with an exploratory nature, and building on the case of India which has recently joined the top ten developing and transition economies as a source of foreign direct investment, this paper intends to suggest a conceptual framework where a causal relationship between stock market valuation and foreign direct investment announcements can be drawn. Keywords: outward foreign direct investment, finance-specific factors, stock market valuation
{"title":"On the Causal Relationship between Stock Markets Valuation and Foreign Direct Investment: A Conceptual Case of India","authors":"D. S, Mariam Jamaleh","doi":"10.2139/ssrn.2908757","DOIUrl":"https://doi.org/10.2139/ssrn.2908757","url":null,"abstract":"ABSTRACT International business research has predominantly focused on how foreign direct investment relates to the asset-side of non-financial firm’s balance sheet, the finance-specific factors have been ignored to a great extent while studying the foreign direct investment decision. But since these factors are not merely a by-product of a firm’s competitive strength or weakness, they deserve attention when investment patterns are to be interpreted. Financial specific strategies are important to all firms but are particularly important to MNEs in emerging capital markets where the assumption that MNEs have no problems raising capital to engage in international investments where the statement doesn’t hold true. The major objective of this paper is to provide a review of the literature regarding the financial aspects of foreign direct investment. This review allows us to distinguish between two streams of studies. The first stream deals with the stock markets valuation effect on firms’ international investment decision while the other addresses the stock market reactions to foreign direct investment announcements. The latter is important to form a complete picture about the relationship between stock markets and foreign direct investment. Using a qualitative analytical method with an exploratory nature, and building on the case of India which has recently joined the top ten developing and transition economies as a source of foreign direct investment, this paper intends to suggest a conceptual framework where a causal relationship between stock market valuation and foreign direct investment announcements can be drawn. Keywords: outward foreign direct investment, finance-specific factors, stock market valuation","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132833798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Drawing on the writings of Joseph Schumpeter, we develop a theory of international conflict that challenges proponents of the liberal peace research programs. We outline a simple mechanism whereby industrialization fosters peaces, suggesting that industrialized states are more peaceful because they can gain more by investing at home than by pursuing foreign military conquest. We borrow from Schumpeter to argue that our mechanism is distinct from traditional measures of liberalism. Empirically, we propose a measure of industrial development, based on the size of a state's industrial GDP. Using World Bank sector-specific economic data, our analysis shows that a large industrial GDP significantly reduces the likelihood that a state will be involved in a fatal military conflict. We show that this result is robust across a number of model specifications, holds at both the monadic and dyadic levels, and suggests a larger substantive effect than either democracy or capitalism.
{"title":"A Modern Peace?: Schumpeter, Conflict, and the Investment-War Tradeoff","authors":"Tyson Chatagnier, E. Castelli","doi":"10.2139/ssrn.2298570","DOIUrl":"https://doi.org/10.2139/ssrn.2298570","url":null,"abstract":"Drawing on the writings of Joseph Schumpeter, we develop a theory of international conflict that challenges proponents of the liberal peace research programs. We outline a simple mechanism whereby industrialization fosters peaces, suggesting that industrialized states are more peaceful because they can gain more by investing at home than by pursuing foreign military conquest. We borrow from Schumpeter to argue that our mechanism is distinct from traditional measures of liberalism. Empirically, we propose a measure of industrial development, based on the size of a state's industrial GDP. Using World Bank sector-specific economic data, our analysis shows that a large industrial GDP significantly reduces the likelihood that a state will be involved in a fatal military conflict. We show that this result is robust across a number of model specifications, holds at both the monadic and dyadic levels, and suggests a larger substantive effect than either democracy or capitalism.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133834175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Grounded in institutional theory, this study provides an overview of the corporate social responsibility (CSR) initiatives of Turkey's 30 largest corporations through a thematic content analysis. The study focuses on the G‐20 member Turkey and investigates the influence of isomorphism mechanisms on the adoption of CSR initiatives in a developing country context. The aim of this study is to integrate Carroll's CSR dimensions, the type of CSR engagement and coercive, mimetic and normative isomorphism mechanisms proposed by institutional theory. Through this integration the study makes a unique contribution to the literature by providing a different perspective. Findings reveal industry characteristics do not influence the selection of CSR initiatives. While business‐to‐business companies focus on CSR activities linked to their core business functions, business‐to‐consumer companies focus on CSR initiatives that are more discretionary, varied and philanthropic. In addition, findings show that multinational corporations implement CSR initiatives at the global level rather than focusing on local needs.
{"title":"Gaining Legitimacy Through CSR: An Analysis of Turkey's 30 Largest Corporations","authors":"Emel Ozdora-Aksak, Ş. Atakan-Duman","doi":"10.1111/beer.12114","DOIUrl":"https://doi.org/10.1111/beer.12114","url":null,"abstract":"Grounded in institutional theory, this study provides an overview of the corporate social responsibility (CSR) initiatives of Turkey's 30 largest corporations through a thematic content analysis. The study focuses on the G‐20 member Turkey and investigates the influence of isomorphism mechanisms on the adoption of CSR initiatives in a developing country context. The aim of this study is to integrate Carroll's CSR dimensions, the type of CSR engagement and coercive, mimetic and normative isomorphism mechanisms proposed by institutional theory. Through this integration the study makes a unique contribution to the literature by providing a different perspective. Findings reveal industry characteristics do not influence the selection of CSR initiatives. While business‐to‐business companies focus on CSR activities linked to their core business functions, business‐to‐consumer companies focus on CSR initiatives that are more discretionary, varied and philanthropic. In addition, findings show that multinational corporations implement CSR initiatives at the global level rather than focusing on local needs.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"148 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120003439","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A suspension of trucking between Russia and Poland and subsequent shutdown of road freight transporta on between Russia and Ukraine have made Russian freight carriers switchover par ally their routes to those via the Bal c States. It is to be noted that Poland and Ukraine which ini ated border closure for carriers were aff ected the most by suspension of trucking. Probably, assessment of nega ve eff ects prompted Russia and Poland to exchange permits to trucking (170,000 licenses to each side ll the end of the year) on 1 April 2016.
{"title":"Road Freight Traffic between Russia and Poland","authors":"E. Ponomareva, S. Sudakov","doi":"10.2139/SSRN.2779274","DOIUrl":"https://doi.org/10.2139/SSRN.2779274","url":null,"abstract":"A suspension of trucking between Russia and Poland and subsequent shutdown of road freight transporta on between Russia and Ukraine have made Russian freight carriers switchover par ally their routes to those via the Bal c States. It is to be noted that Poland and Ukraine which ini ated border closure for carriers were aff ected the most by suspension of trucking. Probably, assessment of nega ve eff ects prompted Russia and Poland to exchange permits to trucking (170,000 licenses to each side ll the end of the year) on 1 April 2016.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"492 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116170209","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
George L. De Feis, Donald Grunewald, George L. De Feis
Throughout the course of modern history, there have been ever changing theories regarding trade. International trade in particular, has been the subject of much controversy regarding the potential benefits and detriments that may come along with certain practices. This paper will analyze the evolution of trade theory beginning with the mid-1500s and mercantilism, progressing through the 20th Century trade theories, and proposing a new trade theory for the 21st century, namely: Trade Theory of Hyper-Globalization and Hyper-Information Flow.
{"title":"An International Trade Theory for Our Time: Trade Theory of Hyper-Globalization and Hyper-Information Flow","authors":"George L. De Feis, Donald Grunewald, George L. De Feis","doi":"10.2139/ssrn.2725334","DOIUrl":"https://doi.org/10.2139/ssrn.2725334","url":null,"abstract":"Throughout the course of modern history, there have been ever changing theories regarding trade. International trade in particular, has been the subject of much controversy regarding the potential benefits and detriments that may come along with certain practices. This paper will analyze the evolution of trade theory beginning with the mid-1500s and mercantilism, progressing through the 20th Century trade theories, and proposing a new trade theory for the 21st century, namely: Trade Theory of Hyper-Globalization and Hyper-Information Flow.","PeriodicalId":114907,"journal":{"name":"Global Business Issues eJournal","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117182650","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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