Regional and global strategies of MNEs: Revisiting Rugman &amp; Verbeke (2004)

Rosa, Benjamin; Gugler, Philippe; Verbeke, Alain

doi:10.1057/s41267-020-00347-5

Cited by 31 publications

(32 citation statements)

References 28 publications

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“…The DHL index shows no growth after 2001 in the geographical breadth coverage of multinational enterprises, echoing Rugman and Verbeke’s ( 2004 ) assertion that most MNEs limit themselves to a regional coverage. However, Rosa, Gugler and Verbeke ( 2004 ) calculated an increased global coverage from the Fortune Global 500 list for 2017 3 , stating that “…many large firms are still home-region oriented, but to a lesser extent than before.”…”

Section: Measurements For Globalizationmentioning

confidence: 99%

The world economy will need even more globalization in the post-pandemic 2021 decade

Contractor

2021

J Int Bus Stud

141

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Section: Measurements For Globalizationmentioning

confidence: 99%

The world economy will need even more globalization in the post-pandemic 2021 decade

Contractor

2021

J Int Bus Stud

141

View full text Add to dashboard Cite

“…International firms must carefully tread a very thin line. The alternative is the persistence of regionally constrained international strategies (Rosa et al 2020 ) and the continued failure of multinationals to grow out of their home regions and become genuinely international firms contributing to and benefiting from globalization. Seek narrative leadership .…”

Section: Discussionmentioning

confidence: 99%

Assessing the Belt and Road Initiative as a narrative: Implications for institutional change and international firm strategy

Klett

2021

Asia Pac J Manag

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This article explores the role of narratives as drivers that guide the institutional change associated with globalization and deglobalization. For China’s Belt and Road Initiative (BRI) to succeed as a driver of institutional change in favor of globalization, it must pass the narrative “virality” test and successfully contend with competing narratives. Rival narratives will be launched by firms and organizations worldwide that expect to win or lose from deglobalization or from new forms of globalization. This study develops a useful framework for establishing the extent to which China’s BRI is a genuine narrative or just a story. In this regard, four testable propositions are put forth to ascertain whether the BRI is values-based, extends an invitation to participate, is open-ended, and is associated with economic performance for both Chinese and non-Chinese participants. The analysis of the BRI-related institutional change that leads to globalization applies a theoretical lens centered on the narrative economics perspective and on the institution-based view and political economy perspective. Implications for BRI stakeholders, international business practitioners, and international business scholarship are outlined.

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“…The result of GVC reconfiguration will be a world economy that is far more concentrated within regions and less globally dispersed. The “global” in GVCs has been always more regional than global (Kano et al, 2020 ) because of the continuing importance of consumer preferences, tariffs, and different dimensions of distance in international business, as illustrated by a long stream of research on this subject (Rosa et al, 2020 ; Rugman & Verbeke, 2004 ). The pandemic has pushed firms to regionalize their value chains further to pursue resilience and adapt to government pressures in order to bring activities back home.…”

Section: The Pandemic and The Reconfiguration Of Global Value Chainsmentioning

confidence: 99%

Why the world economy needs, but will not get, more globalization in the post-COVID-19 decade

2021

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Contractor argues that the coronavirus outbreak only had temporary effects on the global economy, and that post COVID-19 globalization will resume. We posit that the pandemic will have significant long-lasting effects on globalization. Our arguments are grounded in three observations. First, the pandemic has increased inter- and intra-country inequalities and has reversed trends in poverty reduction, which will intensify anti-globalization sentiments in the future. Second, the pandemic has fueled populism, nationalism, and the return of the interventionist state in the economy, which has paved the way for a rise in protectionism. Third, governmental responses to the COVID-19 crisis have undermined the multilateral institutions that have thus far facilitated globalization. These forces have resulted in growing global uncertainty and higher costs in international transactions. We argue that global value chains’ reconfiguration will result in a less globalized, and more regionally fragmented world economy. We conclude by suggesting two fertile opportunities for international business scholars: researching commitment failure in international transactions and studying resilience, as illustrative examples of lines of inquiry that can help explain why this latest pandemic will compromise trends in globalization that have dominated the world economy for a long time.

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Regional and global strategies of MNEs: Revisiting Rugman & Verbeke (2004)

Cited by 31 publications

References 28 publications

The world economy will need even more globalization in the post-pandemic 2021 decade

The world economy will need even more globalization in the post-pandemic 2021 decade

Assessing the Belt and Road Initiative as a narrative: Implications for institutional change and international firm strategy

Why the world economy needs, but will not get, more globalization in the post-COVID-19 decade

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