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

• 成果类型: Article
• 署名作者: Contractor, Farok J.
• 署名单位: Rutgers University System; Rutgers University New Brunswick; Rutgers University Newark
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/s41267-020-00394-y
• 发表日期: 2022
• 页码: 156-171
• 关键词: globalization; global supply chain strategies; risk and risk exposure; Decoupling; US-China relationship; contributions of multinational enterprises

摘要

Instead of the dire predictions of a post-pandemic world characterized by increased global risks, decoupling of economies, shake-up of global value chains, and the retreat of globalization, this article proposes that the changes induced by heightened nationalism and protectionism will be marginal rather than fundamental in nature. These marginally higher risks can easily be handled and ameliorated by multinational enterprises through alternate cross-border business strategies and emerging technologies. Moreover, the paper gives reasons why the future world economy will need even more globalization.