Influencing trade policy in a multi-level system—understanding corporate political activity in the context of global value chains and regime complexity

Curran, Louise; Eckhardt, Jappe

doi:10.1017/bap.2017.26

Cited by 12 publications

(5 citation statements)

References 78 publications

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“…Ozer and Lee (2009). 21 Curran and Eckhardt (2018). 22 Eatwell and Goodwin (2018); Franzese, (2019).…”

Section: The Rise Of Anti-globalization Pressures and Trade Protectiomentioning

confidence: 99%

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Mobilizing Against the Antiglobalization Backlash: An Integrated Framework for Corporate Nonmarket Strategy

Curran¹,

Eckhardt²

2020

Bus. Polit.

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In the aftermath of the Global Financial Crisis and, more recently, the COVID-19 pandemic, scepticism on the merits of trade and globalization has increased across several key developed countries. This poses major challenges for multinational enterprises (MNEs) and other trade dependent firms (TDFs). This paper develops a framework to explore corporate nonmarket strategies (NMS) to address this backlash, covering both corporate political activity (CPA) and corporate social responsibility (CSR). We firstly provide an overview of the existing research within international economics, business strategy, and international political economy on the antiglobalization backlash and MNEs/TDFs strategy in the face of protectionism. Building on this scholarship, we formulate propositions for CPA and CSR actions, which are likely to be deployed by TDFs in developed economies to counter protectionism and address the criticisms of the antiglobalization movement. On this basis we propose an interdisciplinary analytical framework that can be used to study corporate strategy in times of growing antitrade sentiments. Finally, we provide initial proposals for testing these propositions and highlight the challenges researchers may face when carrying out such research.

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“…Ozer and Lee (2009). 21 Curran and Eckhardt (2018). 22 Eatwell and Goodwin (2018); Franzese, (2019).…”

Section: The Rise Of Anti-globalization Pressures and Trade Protectiomentioning

confidence: 99%

“…Curran and Eckhardt (2018); Eckhardt and De Bièvre (2015).101 Schnyder and Sallai (2020);White et al (2018).…”

mentioning

confidence: 99%

Mobilizing Against the Antiglobalization Backlash: An Integrated Framework for Corporate Nonmarket Strategy

Curran¹,

Eckhardt²

2020

Bus. Polit.

Self Cite

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“…38 Curran and Eckhardt (2018). 39 Gawande, Krishna, and Olarreaga (2012); Madeira (2016); Zeng, Sebold, and Lu (2020).…”

Section: Determinants Of Bargaining Powermentioning

confidence: 99%

Bargaining Power in a Globalized World: The Effect of Global Value Chains in Trade Negotiations

Stiller

2023

Bus. Polit.

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What determines the bargaining power of states in international trade negotiations? The literature focuses predominantly on economic strength as the determinant of bargaining power. However, this explanation neglects the reality of modern trade, which is characterized by the globalization of production and high levels of economic interdependence. I argue that this interdependence undermines the effect of economic strength on the bargaining power of states. Specifically, I hypothesize that the effect of economic strength declines when a country's companies rely on inputs for their production from a negotiation partner because they are integrated into global value chains. The more a country's firms are dependent on a partner country, the less that country is able to coerce concessions from the partner country by bringing to bear its economic strength. To test this hypothesis, I use a dataset covering concessions on liberalization of the services sector made by 54 countries in 61 preferential trade agreements. By calculating the relative concessions of each partner, I construct a quantitative indicator of the outcome of trade negotiations. This indicator should reflect the underlying bargaining power of each negotiating party. The results of a regression analysis of these negotiation outcomes mostly support my hypotheses.

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“…On the governmental side, globalization has similarly involved a shift of policy issues to institutional settings operating globally or across national borders, such as the World Trade Organization or the European Union, but also in a proliferation of more informal fluid policy networks, often involving both public and private actors (Curran and Eckhardt, 2018;Djelic and den Hond, 2014;Slaughter, 2005). Under the label of global public policy, a range of public policies executed at the global level -not merely various international levels -come to our attention.…”

Section: Stronger Globalizationmentioning

confidence: 99%

Business and public policy: introducing the field

Kellow¹,

Porter²,

Ronit³

2021

Handbook of Business and Public Policy

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What is the relationship between business and public policy? Daily news headlines about the corrupting influence of business on government, governmental success in collaborating with business to implement policies in new ways, or international trade and investment negotiations, are all reminders, along with countless others, that business and public policy are interwoven in a great variety of complex and often very high-stakes ways. This complex relationship between business and public policy is evolving through time, together with the accumulated understandings of this relationship generated by those who study it, adding further complexity. In this chapter we provide an overview of this evolution, highlighting key continuities and changes, pointing both to insights that have illuminated the relationship between business and public policy, and gaps in our knowledge that remain to be explored.The chapter is organized into three sections. The first section of this chapter sets out key features of the practice and study of business and public policy that have remained continuously relevant throughout the decades since World War II. These key features include characteristics of and variations within the three main types of actors that are relevant to this field of practice and study -government, business and civil society. These key features also include characteristics of the interactions between these key actors.The second section of this chapter focuses on three interrelated processes of change evident as the practice and study of business and public policy has evolved. The first process of change is a generalized shift from more formal hierarchical organization to more fluid networked organization, which has affected all three types of actors. The second process of change is a much more active and direct contesting of business authority by civil society in the making of public policy. The third process of change is globalization, which has shifted the focus of business and public policy away from a more exclusive focus on the nation-state to one that includes cross-border and global locations and issues.The third and concluding section of this chapter highlights the relevance of insights from the field of business and public policy for some urgent and crucial contemporary public problems, pointing to some future research directions for the field.Understanding this process of historical transformation is helpful not just in appreciating the legacy of the near past, but also in anticipating the future, and what questions need to be asked about it. These questions have an urgency that is amplified by the severity of current challenges that the relationship between business and public policy is implicated in and expectations about the activation or altering of this

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Influencing trade policy in a multi-level system—understanding corporate political activity in the context of global value chains and regime complexity

Cited by 12 publications

References 78 publications

Mobilizing Against the Antiglobalization Backlash: An Integrated Framework for Corporate Nonmarket Strategy

Mobilizing Against the Antiglobalization Backlash: An Integrated Framework for Corporate Nonmarket Strategy

Bargaining Power in a Globalized World: The Effect of Global Value Chains in Trade Negotiations

Business and public policy: introducing the field

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