Pub Date : 2024-01-31DOI: 10.1057/s42214-023-00177-w
Jing Li, Daniel Shapiro, A. Ufimtseva
{"title":"Regulating inbound foreign direct investment in a world of hegemonic rivalry: the evolution and diffusion of US policy","authors":"Jing Li, Daniel Shapiro, A. Ufimtseva","doi":"10.1057/s42214-023-00177-w","DOIUrl":"https://doi.org/10.1057/s42214-023-00177-w","url":null,"abstract":"","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140479609","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 : 2024-01-31DOI: 10.1057/s42214-023-00182-z
Ari Van Assche, Valentina De Marchi
{"title":"Defining the boundaries of international business policy research","authors":"Ari Van Assche, Valentina De Marchi","doi":"10.1057/s42214-023-00182-z","DOIUrl":"https://doi.org/10.1057/s42214-023-00182-z","url":null,"abstract":"","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140474402","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 : 2024-01-18DOI: 10.1057/s42214-023-00178-9
A. Giroud
{"title":"World Investment Report 2023: Investing in sustainable energy for all","authors":"A. Giroud","doi":"10.1057/s42214-023-00178-9","DOIUrl":"https://doi.org/10.1057/s42214-023-00178-9","url":null,"abstract":"","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":7.9,"publicationDate":"2024-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139526462","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 : 2023-11-15DOI: 10.1057/s42214-023-00169-w
{"title":"List of Guest Editors","authors":"","doi":"10.1057/s42214-023-00169-w","DOIUrl":"https://doi.org/10.1057/s42214-023-00169-w","url":null,"abstract":"","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136228679","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 : 2023-11-02DOI: 10.1057/s42214-023-00175-y
Helena Barnard, Kenneth Amaeshi, Paul M. Vaaler
International business in Africa is complicated by colonial history, late internationalization, and the growing interest of various foreign powers in Africa and its resources. We share key indicators about African countries and offer a conceptual map to help make sense of this complex scholarly terrain. We distinguish between three types of multinational enterprises (MNEs) operating in sub-Saharan Africa: Advanced MNEs (from high-income previous colonial and non-colonial countries), Emerging MNEs (from middle-income countries both inside and outside the region) and Nascent MNEs (from low-income African countries). We show how these distinct types of MNEs provide different development opportunities, how they engage differently with local, national, regional, and supra-national institutions, and why this matters for international business policy. We show how the papers showcased in this special issue contribute to a deeper understanding of international business in Africa and propose future research directions.
{"title":"Theorizing international business in Africa: A roadmap","authors":"Helena Barnard, Kenneth Amaeshi, Paul M. Vaaler","doi":"10.1057/s42214-023-00175-y","DOIUrl":"https://doi.org/10.1057/s42214-023-00175-y","url":null,"abstract":"International business in Africa is complicated by colonial history, late internationalization, and the growing interest of various foreign powers in Africa and its resources. We share key indicators about African countries and offer a conceptual map to help make sense of this complex scholarly terrain. We distinguish between three types of multinational enterprises (MNEs) operating in sub-Saharan Africa: Advanced MNEs (from high-income previous colonial and non-colonial countries), Emerging MNEs (from middle-income countries both inside and outside the region) and Nascent MNEs (from low-income African countries). We show how these distinct types of MNEs provide different development opportunities, how they engage differently with local, national, regional, and supra-national institutions, and why this matters for international business policy. We show how the papers showcased in this special issue contribute to a deeper understanding of international business in Africa and propose future research directions.","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135933050","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 : 2023-10-06DOI: 10.1057/s42214-023-00172-1
Eugénie Coche, Ans Kolk, Václav Ocelík
Abstract In an era of digital transformation, where data is often referred to as the ‘new oil’ of business, with data privacy and cybersecurity incidents recurrently making the headlines, international business (IB) scholars are increasingly grappling with the challenges posed by disparate data governance regulations. Recognizing the growing importance of this topic for IB research and policymaking, our paper seeks to offer a comprehensive examination of cross-country regulatory intricacies of data governance, frequently described by IB scholars as ‘complex’ and ‘pluralistic’ institutional contexts. This allows us to explore the various implications of diverse data governance regulations on international business, thus laying the groundwork for rigorous IB policy studies in this area. As a preliminary finding, we highlight a greater need for international cooperation, where both policymakers and multinational enterprises play a pivotal role. Using the EU data governance framework as an illustrative example, we structure our discussion around four policy areas of data governance: data use; data transfers; data storage; and data flows. We aim for this categorization to serve as a foundational basis for future IB research, aiding in tackling one of the most pressing digital challenges of this day and age: reconciling data privacy and security with data-driven innovation.
{"title":"Unravelling cross-country regulatory intricacies of data governance: the relevance of legal insights for digitalization and international business","authors":"Eugénie Coche, Ans Kolk, Václav Ocelík","doi":"10.1057/s42214-023-00172-1","DOIUrl":"https://doi.org/10.1057/s42214-023-00172-1","url":null,"abstract":"Abstract In an era of digital transformation, where data is often referred to as the ‘new oil’ of business, with data privacy and cybersecurity incidents recurrently making the headlines, international business (IB) scholars are increasingly grappling with the challenges posed by disparate data governance regulations. Recognizing the growing importance of this topic for IB research and policymaking, our paper seeks to offer a comprehensive examination of cross-country regulatory intricacies of data governance, frequently described by IB scholars as ‘complex’ and ‘pluralistic’ institutional contexts. This allows us to explore the various implications of diverse data governance regulations on international business, thus laying the groundwork for rigorous IB policy studies in this area. As a preliminary finding, we highlight a greater need for international cooperation, where both policymakers and multinational enterprises play a pivotal role. Using the EU data governance framework as an illustrative example, we structure our discussion around four policy areas of data governance: data use; data transfers; data storage; and data flows. We aim for this categorization to serve as a foundational basis for future IB research, aiding in tackling one of the most pressing digital challenges of this day and age: reconciling data privacy and security with data-driven innovation.","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135350567","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 : 2023-10-06DOI: 10.1057/s42214-023-00167-y
Simon J. Evenett, Niccolò Pisani
Abstract How foreign firms doing business in Russia responded to the invasion of Ukraine in 2022 has received extensive media scrutiny. Publication lags in official and private databases on international corporate activity, traditionally used to investigate cross-national commercial ties, preclude short-term assessments of foreign firms’ responses. However, as geopolitical events unfold quickly, such assessments can offer valuable insights. In this paper, we advocate for and implement a replicable, near-time methodology that is executed at arms-length to track foreign corporate responses to geopolitical events which can inform both academic debate and policy deliberation. We apply it to the ongoing Russia–Ukraine conflict, estimating Western corporate divestment rates from Russia during the first 9 months of the conflict. Our findings, confirmed by extensive robustness checks, result in divestment rates in the range of 5–13%. This range is interpreted in light of the prevailing sanctions regime as well as the divestment rate witnessed after Russia’s invasion of Crimea in 2014. We also discuss the competing, often policy-induced, incentives facing international business during a time of growing geopolitical rivalry and draw implications for the design of sanctions regimes. Avenues for future research are also outlined.
{"title":"Geopolitics, conflict, and decoupling: evidence of Western divestment from Russia during 2022","authors":"Simon J. Evenett, Niccolò Pisani","doi":"10.1057/s42214-023-00167-y","DOIUrl":"https://doi.org/10.1057/s42214-023-00167-y","url":null,"abstract":"Abstract How foreign firms doing business in Russia responded to the invasion of Ukraine in 2022 has received extensive media scrutiny. Publication lags in official and private databases on international corporate activity, traditionally used to investigate cross-national commercial ties, preclude short-term assessments of foreign firms’ responses. However, as geopolitical events unfold quickly, such assessments can offer valuable insights. In this paper, we advocate for and implement a replicable, near-time methodology that is executed at arms-length to track foreign corporate responses to geopolitical events which can inform both academic debate and policy deliberation. We apply it to the ongoing Russia–Ukraine conflict, estimating Western corporate divestment rates from Russia during the first 9 months of the conflict. Our findings, confirmed by extensive robustness checks, result in divestment rates in the range of 5–13%. This range is interpreted in light of the prevailing sanctions regime as well as the divestment rate witnessed after Russia’s invasion of Crimea in 2014. We also discuss the competing, often policy-induced, incentives facing international business during a time of growing geopolitical rivalry and draw implications for the design of sanctions regimes. Avenues for future research are also outlined.","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135351386","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 : 2023-10-05DOI: 10.1057/s42214-023-00173-0
Sorin M. S. Krammer
{"title":"Chip War: The Fight for the World's Most Critical Technology","authors":"Sorin M. S. Krammer","doi":"10.1057/s42214-023-00173-0","DOIUrl":"https://doi.org/10.1057/s42214-023-00173-0","url":null,"abstract":"","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134975831","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 : 2023-10-04DOI: 10.1057/s42214-023-00174-z
Ari Van Assche, Ali Arsalan Pasha, Lucian Cernat, Hinrich Voss
This editorial takes stock of the importance of public procurement for international business (IB) and the research questions that remain. We argue that, apart from its traditional role of providing public services to citizens, public procurement acts as a demand-led policy instrument in which governments attempt to influence market outcomes by acting as large discretionary buyers and using their purchasing power and administrative processes to obtain policy objectives. We compare various financial and non-financial goals that governments aim to attain with public procurement and how they try to shape IB to achieve these goals. We also develop a framework to analyze how contracting firms and their global value chains adapt their IB strategies to optimize their chance of winning public procurement contracts.
{"title":"From the editor – Governments as buyers: the international business implications of public procurement","authors":"Ari Van Assche, Ali Arsalan Pasha, Lucian Cernat, Hinrich Voss","doi":"10.1057/s42214-023-00174-z","DOIUrl":"https://doi.org/10.1057/s42214-023-00174-z","url":null,"abstract":"This editorial takes stock of the importance of public procurement for international business (IB) and the research questions that remain. We argue that, apart from its traditional role of providing public services to citizens, public procurement acts as a demand-led policy instrument in which governments attempt to influence market outcomes by acting as large discretionary buyers and using their purchasing power and administrative processes to obtain policy objectives. We compare various financial and non-financial goals that governments aim to attain with public procurement and how they try to shape IB to achieve these goals. We also develop a framework to analyze how contracting firms and their global value chains adapt their IB strategies to optimize their chance of winning public procurement contracts.","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135591887","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 : 2023-09-28DOI: 10.1057/s42214-023-00168-x
Douglas Dow, Ilya R. P. Cuypers
Abstract In recent years, the world has witnessed a backlash against globalization and a rise in populist and nationalist movements around the world. However, there appears to be little empirical research concerning how these movements, and especially nationalist sentiment, actually influence trade. Therefore, we explore how and when nationalist sentiment within a country influences trade. Our results indicate that the effect of nationalist sentiment on imports is mediated by lower participation in free trade agreements (FTAs) but not via tariffs. Furthermore, we are unable to confirm support for a direct effect of nationalist sentiment on imports, as predicted by the consumer ethnocentricity literature. However, we do find a strong and negative impact of nationalist sentiment on exports. It would appear that nationalist sentiments tend to blunt the desire to export. Psychic distance between the countries appears to magnify the effects of nationalist sentiment on tariffs and FTAs, but not the direct effects on trade. Finally, we also find that custom union membership, such as the EU, negates the effect of nationalist sentiment on tariffs but this cannot be confirmed for FTAs. Overall, our model enriches our understanding of how nationalist sentiment in society affects trade and offers guidance to policymakers.
{"title":"The influence of societal nationalist sentiment on trade flows","authors":"Douglas Dow, Ilya R. P. Cuypers","doi":"10.1057/s42214-023-00168-x","DOIUrl":"https://doi.org/10.1057/s42214-023-00168-x","url":null,"abstract":"Abstract In recent years, the world has witnessed a backlash against globalization and a rise in populist and nationalist movements around the world. However, there appears to be little empirical research concerning how these movements, and especially nationalist sentiment, actually influence trade. Therefore, we explore how and when nationalist sentiment within a country influences trade. Our results indicate that the effect of nationalist sentiment on imports is mediated by lower participation in free trade agreements (FTAs) but not via tariffs. Furthermore, we are unable to confirm support for a direct effect of nationalist sentiment on imports, as predicted by the consumer ethnocentricity literature. However, we do find a strong and negative impact of nationalist sentiment on exports. It would appear that nationalist sentiments tend to blunt the desire to export. Psychic distance between the countries appears to magnify the effects of nationalist sentiment on tariffs and FTAs, but not the direct effects on trade. Finally, we also find that custom union membership, such as the EU, negates the effect of nationalist sentiment on tariffs but this cannot be confirmed for FTAs. Overall, our model enriches our understanding of how nationalist sentiment in society affects trade and offers guidance to policymakers.","PeriodicalId":29962,"journal":{"name":"Journal of International Business Policy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135344125","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}