The (COVID-19) Pandemic and the New World (Dis)Order

Michael Hitt, R. Michael Holmes and Jean-Luc Arregle ()
Additional contact information
Michael Hitt: Texas A&M University [College Station]
R. Michael Holmes: FSU - Florida State University [Tallahassee]
Jean-Luc Arregle: EM - EMLyon Business School

Post-Print from HAL

Abstract: The COVID-19 pandemic produced a significant environmental jolt that has altered the trajectories of economies and institutions and the strategies of MNEs. We examine the pandemic effects on countries' political and regulatory institutions, the interplay between their formal and informal institutions and the resulting environmental uncertainty. These changes are transforming the global landscape, MNEs' raison d'être and their international strategies. MNEs are having to change or develop new country- and firm-specific advantages, refashion their FDI, focus supply chain networks, and emphasize regional strategies and localization. Although these strategies may help them to bound uncertainty, they produce other forms of risk. A new economic order is likely to arise along with transformed MNEs.

Keywords: pandemic; Political and Regulatory institutions; Nationalism; Market-seeking and Resource-seeking FDI; Supply chain strategy; Regional strategy (search for similar items in EconPapers)
Date: 2021-06-01
References: Add references at CitEc
Citations: View citations in EconPapers (25)

Published in Journal of World Business, 2021, 56 (4), 7 p. ⟨10.1016/j.jwb.2021.101210⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03188240

DOI: 10.1016/j.jwb.2021.101210

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().