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

Farok J. Contractor ()
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Farok J. Contractor: Rutgers University

Journal of International Business Studies, 2022, vol. 53, issue 1, No 11, 156-171

Abstract: 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.

Keywords: globalization; global supply chain strategies; risk and risk exposure; decoupling; US-China relationship; contributions of multinational enterprises (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (25)

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DOI: 10.1057/s41267-020-00394-y

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