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

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Abstract

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.

Original languageEnglish (US)
JournalJournal of International Business Studies
DOIs
StateAccepted/In press - 2021

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Strategy and Management
  • Management of Technology and Innovation

Keywords

  • US-China relationship
  • contributions of multinational enterprises
  • decoupling
  • global supply chain strategies
  • globalization
  • risk and risk exposure

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