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Журнал BRICS Journal of Economics объявляет набор статей для публикации в тематическом выпуске «MNCs and (de)globalization: New paradigm for emerging markets» (BRICS Journal of Economics. 2022. Т. 3. № 1.)

Журнал BRICS Journal of Economics объявляет набор статей для публикации в тематическом выпуске «MNCs and (de)globalization: New paradigm for emerging markets» (BRICS Journal of Economics. 2022. Т. 3. № 1.)

Прием статей на английском языке – до 1 декабря 2021 г.

Рукописи, оформленные согласно требованиям журнала (см. author guidelines), необходимо направлять по электронной почте на адрес  bje.editor.msu@gmail.com, в строке «тема письма» необходимо указать Submission to the Special Issue. 

Special Issue: MNCs and (de)globalization: New paradigm for emerging markets

Guest Editor

Dr. Andrei Panibratov, Professor, St. Petersburg State University, Russia.  Email: panibratov@gsom.spbu.ru

Background to the topic

Trade disputes and political tensions between countries have evoked concerns of scholars about the ongoing deglobalization that has been actively problematized since the end of the 2010s (Witt, 2019; Tung & Stahl, 2018). The impact of the Covid-19 pandemic has only accelerated the pace of this phenomenon, leading to new restrictions on mobility and disruptions in value chains (Delios et al., 2021). While many scholars expect greater risk aversion, protectionism, and nationalism to become a paradigm for national economies and for multinational companies (MNCs) (Fontaine, 2020; Abdelal, 2020; Young, 2020), others oppose the assumption that the foundations of globalization have not eroded, and the post-pandemic world will need even greater globalization. This point is based on the idea that now and for a long time to come, the world will be fragmented and unequal, and international firms will exist as bridges connecting the fragmented reality (Contractor, 2021). There is also a third point of view, according to which the consequences of the Covid-19 pandemic will result in both globalization of labor and deglobalization of capital (Brakman et al., 2021).

Deglobalization, political turmoil and the Covid-19 consequences lead to disruptive and far-reaching changes in the social, political and technological environment (Panibratov, 2020). If these changes evoke qualitative shifts in international business, companies, as well as institutions and industries, will likely have to adapt (Witt et al., 2021). One of the possible consequences may be a revision of Buckley’s “Global factory” concept, and the choice of value chain and governance mode that result from this revision. These choices involve relocation, reshoring and nearshoring, and the strategic response here is to cover the contingencies and time horizons that shape these choices (Witt et al., 2021).

As part of the dynamic reassessment, relocation and reorganization of activities, divestment is one of the possible strategic decisions of firms in response to the (de)globalization-related uncertainty and turmoil (Arte & Larimo, 2019; Dachs et al., 2019). IB scholars have studied companies’ divestment strategy as an essential part of their (de)internationalization strategy when placed in an unfavorable environment (Panibratov & Brown, 2018), using the example of the behavior of Japanese and Korean firms when leaving China under the impact of the trade war (Chung et al., 2019; Trencher et al. 2020) or Western MNCs continually divesting from Russia due to economic sanctions applied by the US and EU governments.

The question that remains open is whether in the coming years firms will retract MNCs global markets, or just relocate their international activities to other foreign destinations (Delios et al., 2021). The special issue will be devoted to the phenomena of deglobalization, as well as foreign divestment and relocation of business, which are assumed to persist in the new post-Covid reality.

SI will seek out conceptual papers, literature reviews, empirical works, and case studies on the phenomenon of deglobalization and the strategy of foreign divestments and relocation of MNCs.

Topics for submissions

Illustrative, but by no means exhaustive, questions pertaining to the special theme include the following:

  • What is the role of environmental uncertainty (caused by sanctions, Covid-19, geopolitical conflicts) for the de-internationalization strategy and for the host country of divesting MNCs?
  • How do the institutional factors of domestic and host markets affect the decision of a firm to de-internationalize?
  • How is a foreign divestment (FD) decision made? What precedes FD?
  • How do companies choose a destination when they change locations? What is the motivation for relocating firms’ operations?
  • To what extent is the FD decision conditioned by the image of the home country of the divesting firm? What is the effect of FD on the legitimacy of firms?
  • What is the role of location-specific and firm-specific advantages in deciding on FD?
  • What does FD mean for divesting firms? Is it a failure or part of a strategy?

Submission Checklist

Please.

  1. read the Aims & Scopeto gain an overview and assess if your manuscript is suitable for this journal;
  2. use the Microsoft Word templateto prepare your manuscript;
  3. make sure that issues about publication ethicscopyright policiesauthorship, figure formats, data and references formathave been appropriately considered;
  4. ensure that all authors have approved the content of the submitted manuscript.

 

01 дек 2021