The last frontier of globalization: Trade and foreign direct investment in healthcare

• 成果类型: Article
• 署名作者: Shenkar, Oded; Liang, Guoyong; Shenkar, Rakefet
• 署名单位: University System of Ohio; Ohio State University; University System of Ohio; Wright State University Dayton
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-021-00439-w
• 发表日期: 2022
• 页码: 362-374
• 关键词: Healthcare; Trade flows; Foreign direct investment; medical tourism; spillovers

摘要

Internationalizing far later than other sectors, healthcare has seen trade and foreign direct investment (FDI) grow in recent years. While part of the service economy, healthcare has unique features that distinguish it from other service sectors and imprint on its globalization and spillover patterns. In this paper, we review the trends in healthcare internationalization, its drivers, and the obstacles standing in the way. We outline the special characteristics of the healthcare sector and how they affect the positive and negative spillovers from trade and FDI for home and host-countries. Implications for international business theory, research, and policy are delineated.