Hardback
Handbook of International Business Policy
Presenting essential research on contemporary foreign direct investment policies, this Handbook identifies the wide variety of global policy challenges linked to modern technological, geostrategic and entrepreneurial developments, from electoral uncertainties to rapid digitalization.
More Information
Critical Acclaim
Contributors
Contents
More Information
Presenting essential research on contemporary foreign direct investment policies, this Handbook identifies the wide variety of global policy challenges linked to modern technological, geostrategic and entrepreneurial developments, from electoral uncertainties to rapid digitalization.
This comprehensive Handbook adopts a novel, forward-thinking approach to international business policy by reflecting not only on current issues such as the prolonged economic impact of COVID-19, but also on likely future challenges and their potential solutions. Divided into three thematic parts, chapters investigate different types of public policy and how they can impact international business, examine how international business policy can impact a firm’s strategy, and analyze the global challenges facing international business policies. Ultimately, this Handbook addresses the imperfect nature of current policies and asserts that challenges must be addressed on multiple jurisdictional levels.
The Handbook of International Business Policy will be an excellent resource for academics and researchers focusing on economics, international business and innovation. Due to its practical implications for global industries, it will also be an important read for managers and policymakers.
This comprehensive Handbook adopts a novel, forward-thinking approach to international business policy by reflecting not only on current issues such as the prolonged economic impact of COVID-19, but also on likely future challenges and their potential solutions. Divided into three thematic parts, chapters investigate different types of public policy and how they can impact international business, examine how international business policy can impact a firm’s strategy, and analyze the global challenges facing international business policies. Ultimately, this Handbook addresses the imperfect nature of current policies and asserts that challenges must be addressed on multiple jurisdictional levels.
The Handbook of International Business Policy will be an excellent resource for academics and researchers focusing on economics, international business and innovation. Due to its practical implications for global industries, it will also be an important read for managers and policymakers.
Critical Acclaim
‘There are many unsettled questions in global economics today – this Handbook makes an important contribution to identifying, analysing and solving them. To tackle the big questions, we need to mobilise new thinkers as well as established experts. So I very much appreciate that this brings together some of the biggest names in the field, as well as promising new researchers. I also appreciate the many bridges the Handbook creates – between theory and policy making, as well as between the local, national and global levels.’
– Elisa Ferreira, European Commissioner for Cohesion and Reforms
‘In this Handbook readers will find an indispensable compass for navigating the evolving landscape of global business. With its comprehensive analysis of governmental policies and firm strategies in response to a wave of new global challenges, this book stands out for its timely relevance and depth. The variety of authors and diversity of viewpoints offer insightful perspectives on the interplay between these elements. It is a book that academics, policymakers, and business leaders alike should read and consult.’
– Francisco Veloso, Dean of INSEAD, France
‘This Handbook is a unique and indispensable resource for scholars and policy professionals who wish to explore international business from a public policy perspective. A first of its kind, it is a must-have compendium to initiate discussions on how to reform international business policies to address emerging global challenges.’
– Ari Van Assche, HEC Montréal, Canada
‘This Handbook is a timely contribution to the debate on public policy toward globalisation. The book highlights how public policy and international business activities are interrelated and interdependent, particularly when geostrategic interests of nations are concerned. Given its focus on the diverse range of policy perspectives, this Handbook provides the breadth and depth of discussion that is much needed in the age of increasing economic nationalism.’
– Pavida Pananond, Thammasat University, Thailand
– Elisa Ferreira, European Commissioner for Cohesion and Reforms
‘In this Handbook readers will find an indispensable compass for navigating the evolving landscape of global business. With its comprehensive analysis of governmental policies and firm strategies in response to a wave of new global challenges, this book stands out for its timely relevance and depth. The variety of authors and diversity of viewpoints offer insightful perspectives on the interplay between these elements. It is a book that academics, policymakers, and business leaders alike should read and consult.’
– Francisco Veloso, Dean of INSEAD, France
‘This Handbook is a unique and indispensable resource for scholars and policy professionals who wish to explore international business from a public policy perspective. A first of its kind, it is a must-have compendium to initiate discussions on how to reform international business policies to address emerging global challenges.’
– Ari Van Assche, HEC Montréal, Canada
‘This Handbook is a timely contribution to the debate on public policy toward globalisation. The book highlights how public policy and international business activities are interrelated and interdependent, particularly when geostrategic interests of nations are concerned. Given its focus on the diverse range of policy perspectives, this Handbook provides the breadth and depth of discussion that is much needed in the age of increasing economic nationalism.’
– Pavida Pananond, Thammasat University, Thailand
Contributors
Contributors include: Murat Akpinar, Tamar Almor, Daniel S. Andrews, Daniel Berliner, Stephania Bonilla-Feret, Louis Brennan, Peter J. Buckley, John Cantwell, Gilberto Cárdenas Cárdenas, Luís Carvalho, Zhaowei J. Chen, Miguel Cordova, Filip De Beule, Andrew Delios, Valentina De Marchi, Basile de Raemy, Fulvia Farinelli, Roberto Martin N. Galang, Andri Georgiadou, Pervez N. Ghauri, Axèle Giroud, Maria Alejandra Gonzalez-Perez, Marta Götz, Philippe Gugler, Olimpija Hristova Zaevska, Barbara Jankowska, Anna Kehl, Ans Kolk, Sarianna Lundan, Sergio Mariotti, Marianna Marra, Riccardo Marzano, Agnieszka McCaleb, Massimo Meloni, Jakob Muellner, Václav Ocelík, Lars Oxelheim, Ricardo Paes Mamede, Diletta Pegoraro, Alessandra Perri, Lucia Piscitello, Jonas Puck, Trond Randøy, Hubertus Reinprecht, Vittoria G. Scalera, Andreas Schotter, Vítor Corado Simões, Matthew Stephenson, Ana Teresa Tavares-Lehmann, Josélia E. Teixeira, Paloma Tobes Portillo, James Zhan
Contents
Contents:
Introduction: a challenging journey lies ahead for international business policy 1
Basile de Raemy, Philippe Gugler and Ana Teresa Tavares-Lehmann
PART I PUBLIC POLICIES AND INTERNATIONAL BUSINESS
1 Want to facilitate FDI? Be SIMPLE and SPECIAL 8
Matthew Stephenson
2 Inward investment restrictions: key policy tools and trends 28
James Zhan and Massimo Meloni
3 Features and trends of international investment agreements (IIAs) 43
Philippe Gugler and Basile de Raemy
4 Electoral uncertainty and the multinational corporation:
a conceptualization, firm-level effects and strategies 62
Jonas Puck, Jakob Muellner and Hubertus Reinprecht
5 Industrial policy and FDI 80
Vítor Corado Simões and Ricardo Paes Mamede
6 Refining contemporary thinking on corruption: bridging insights from
political economy to international business 104
Zhaowei J. Chen, Roberto Martin N. Galang and Andrew Delios
7 Janus-like antitrust policy: how to make the pro-FDI orientation prevail 127
Sergio Mariotti and Riccardo Marzano
8 Anchoring international business through urban and regional policies 144
Luís Carvalho
PART II INTERNATIONAL BUSINESS POLICY (IBP) AND FIRMS’
STRATEGIES
9 Innovation and international business policy 158
John Cantwell and Marianna Marra
10 The changed geopolitical map: implications for international business
policy in a sustainable finance perspective 172
Pervez N. Ghauri, Lars Oxelheim and Trond Randøy
11 Redefining multinational operations: the impact of CSR on international
business policy 193
Maria Alejandra Gonzalez-Perez and Miguel Cordova
12 An institutional framework for analysing the influence of international
business policy on creating shared value 214
Murat Akpinar and Agnieszka McCaleb
13 From orange to cyber: the role of international business policy in
creating “Startup Nation” 229
Tamar Almor and Daniel Berliner
14 FDI policy revisited: the role of clusters 246
Marta Götz and Barbara Jankowska
15 Multinational companies at the intersection of home and host country
foreign direct investment policies: an analysis of Chinese investments
in Europe 262
Filip De Beule and Louis Brennan
16 Government policies for MNEs’ sustainable linkages 277
Axèle Giroud, Stephania Bonilla-Feret and Fulvia Farinelli
17 Towards a theoretically based global foreign direct investment policy regime 296
Peter J. Buckley
PART III GLOBAL CHALLENGES AND INTERNATIONAL
BUSINESS POLICY (IBP)
18 Sustainability in a digital world: geopolitics, values and international
business policy 329
Václav Ocelík and Ans Kolk
19 Policies for an environmentally sustainable development in global value chains 348
Valentina De Marchi
20 Digitalization, industry 4.0 policies and inward foreign direct
investments: evidence from European regions 359
Olimpija Hristova Zaevska, Diletta Pegoraro and Lucia Piscitello
21 Too big, too fast, too dangerous: dynamics of digital platform firm
internationalization and government policy development 394
Andreas Schotter and Daniel S. Andrews
22 Inward FDI screening: recent developments and selected case studies 408
Ana Teresa Tavares-Lehmann and Josélia E. Teixeira
23 Taxation of multinational companies in the digital economy: current outlook 428
Gilberto Cárdenas Cárdenas and Paloma Tobes Portillo
24 High-skilled migrants and cross-border innovation: a multi-level
approach to international business policymaking 445
Vittoria G. Scalera and Alessandra Perri
25 Diversity, inclusion and international business policy 466
Andri Georgiadou
26 Systemic challenges and new policy directions in the energy transition 477
Anna Kehl and Sarianna Lundan
Epilogue: reflections on international business policy, key challenges and a call
to action 495
Ana Teresa Tavares-Lehmann, Philippe Gugler and Basile de Raemy
Introduction: a challenging journey lies ahead for international business policy 1
Basile de Raemy, Philippe Gugler and Ana Teresa Tavares-Lehmann
PART I PUBLIC POLICIES AND INTERNATIONAL BUSINESS
1 Want to facilitate FDI? Be SIMPLE and SPECIAL 8
Matthew Stephenson
2 Inward investment restrictions: key policy tools and trends 28
James Zhan and Massimo Meloni
3 Features and trends of international investment agreements (IIAs) 43
Philippe Gugler and Basile de Raemy
4 Electoral uncertainty and the multinational corporation:
a conceptualization, firm-level effects and strategies 62
Jonas Puck, Jakob Muellner and Hubertus Reinprecht
5 Industrial policy and FDI 80
Vítor Corado Simões and Ricardo Paes Mamede
6 Refining contemporary thinking on corruption: bridging insights from
political economy to international business 104
Zhaowei J. Chen, Roberto Martin N. Galang and Andrew Delios
7 Janus-like antitrust policy: how to make the pro-FDI orientation prevail 127
Sergio Mariotti and Riccardo Marzano
8 Anchoring international business through urban and regional policies 144
Luís Carvalho
PART II INTERNATIONAL BUSINESS POLICY (IBP) AND FIRMS’
STRATEGIES
9 Innovation and international business policy 158
John Cantwell and Marianna Marra
10 The changed geopolitical map: implications for international business
policy in a sustainable finance perspective 172
Pervez N. Ghauri, Lars Oxelheim and Trond Randøy
11 Redefining multinational operations: the impact of CSR on international
business policy 193
Maria Alejandra Gonzalez-Perez and Miguel Cordova
12 An institutional framework for analysing the influence of international
business policy on creating shared value 214
Murat Akpinar and Agnieszka McCaleb
13 From orange to cyber: the role of international business policy in
creating “Startup Nation” 229
Tamar Almor and Daniel Berliner
14 FDI policy revisited: the role of clusters 246
Marta Götz and Barbara Jankowska
15 Multinational companies at the intersection of home and host country
foreign direct investment policies: an analysis of Chinese investments
in Europe 262
Filip De Beule and Louis Brennan
16 Government policies for MNEs’ sustainable linkages 277
Axèle Giroud, Stephania Bonilla-Feret and Fulvia Farinelli
17 Towards a theoretically based global foreign direct investment policy regime 296
Peter J. Buckley
PART III GLOBAL CHALLENGES AND INTERNATIONAL
BUSINESS POLICY (IBP)
18 Sustainability in a digital world: geopolitics, values and international
business policy 329
Václav Ocelík and Ans Kolk
19 Policies for an environmentally sustainable development in global value chains 348
Valentina De Marchi
20 Digitalization, industry 4.0 policies and inward foreign direct
investments: evidence from European regions 359
Olimpija Hristova Zaevska, Diletta Pegoraro and Lucia Piscitello
21 Too big, too fast, too dangerous: dynamics of digital platform firm
internationalization and government policy development 394
Andreas Schotter and Daniel S. Andrews
22 Inward FDI screening: recent developments and selected case studies 408
Ana Teresa Tavares-Lehmann and Josélia E. Teixeira
23 Taxation of multinational companies in the digital economy: current outlook 428
Gilberto Cárdenas Cárdenas and Paloma Tobes Portillo
24 High-skilled migrants and cross-border innovation: a multi-level
approach to international business policymaking 445
Vittoria G. Scalera and Alessandra Perri
25 Diversity, inclusion and international business policy 466
Andri Georgiadou
26 Systemic challenges and new policy directions in the energy transition 477
Anna Kehl and Sarianna Lundan
Epilogue: reflections on international business policy, key challenges and a call
to action 495
Ana Teresa Tavares-Lehmann, Philippe Gugler and Basile de Raemy