This sixteenth volume in the PIBR series, International Business in Times of Crisis, is dedicated to Professor Geoffrey Jones from the Harvard Business School, and to the importance of historical scholarship in International Business (IB) studies.
The global Covid-19 crisis triggered a profound economic crisis, with a decline in global economic activity on a scale not seen since the Great Depression. This pandemic revealed systems failures and fragilities closely related to the organization of global economic, financial, political, and social systems. It has confronted the world with fundamental questions regarding how the global community, as well as companies in general and multinational enterprises (MNEs) in particular, should design global responses to crises. A multi-level and longitudinal approach to studying crises in IB is clearly necessary. This book classifies studies of crises relevant to IB research and will hopefully be helpful to IB scholars, as they reflect on the type of crises they want to study as part of their future research agenda.
The main point coming out of this brief description of my own intellectual journey is to emphasize that crises have been the norm rather than the exception in the history of international business. They have taken many forms and building a typology of crises would be a helpful next step in new research. Geoffrey Jones (in this volume)
Chapter
1. IB in Times of Crisis: What Perspective to Take?; Rob van
Tulder, Alain Verbeke, Lucia Piscitello, and Jonas Puck
Part I. The Longitudinal Perspective The Importance of Historical IB
Studies
Chapter
2. Crises and International Business; Geoffrey Jones
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3. Crises in International Business: A New Perspective; Mark Casson
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4. History Matters; Mira Wilkins
Chapter
5. Crises, Emerging Market Firms, and Global Value Chain Resilience;
Pavida Pananond
Chapter
6. Business Groups, Panics, Runs, Organ Banks and Zombie Firms; Asli
M. Colpan and Randall K. Morck
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7. Take a Look at Yourself: International Business and the
De-globalization Crisis; Michael A. Witt
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8. Extraordinary Risk Management in International Business Strategy;
Teresa da Silva Lopes
Part II. The Micro-Perspective Self-Inflicted Crises
Chapter
9. How Companies Respond to Self-inflicted Crises. A Comparison
Between Countries, Types of Crises, and Response Strategies; Marcus Conrad
and Marc Oberhauser
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10. Learning Processes During Re-internationalization: A Case Study
of Chinese SMEs; Honglan Yu, Margaret Fletcher, and Trevor Buck
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11. Switching Governance Modes to Improve the Resilience of Global
Value Chains Against External Disruptions; Wenyan Yin and Hwy-Chang Moon
Part III. Meso-Level Perspective Sectoral Crises
Chapter
12. How to Be Smart: Leveraging Digital FDI to Address Risk Through
Capacity and Competitiveness; Matthew Stephenson, Lorraine Eden, Michael
Kende, Fukunari Kimura, Karl Sauvant, Niraja Srinivasan, Lucia Taioli, and
James Zhan
Chapter
13. COVID-19 Crisis, Digitalization and Location Decisions; Rubina
Romanello, and Valerio Veglio
Chapter
14. Serial Nonlinear Internationalization Before and During the
COVID-19 Pandemic: Case Study Evidence From Estonia; Tia Vissak
Chapter 15. Evolution of Consumption and Retail Transformation The
Emergence of a New Institutional Order for the Future of Retailing; Anna
Karhu, Elina Pelto, and Lauri-Matti Palmunen
Chapter
16. Consumer Vulnerability During COVID-19: The Impact of Fear and
Age on Consumer Behaviour and Business Strategy; Helena Sá Domingues, Marcelo
Augusto Linardi, Susana Costa e Silva, and Paulo Duarte
Chapter
17. Reassessing the Impact of the 2008 Financial Crisis on Global
Foreign Direct Investment: Empirical Evidence and Theoretical Implications;
Guoyong Liang
Chapter
18. Nexus of Debt Financing, Investment and Policy Intervention:
Impact of COVID-19 Pandemics on CAREC Member Countries; Muhammad Ayub Mehar
Part IV. Macro-Level Perspective Systems Crises and Country Risks
Chapter
19. Globalization in a COVID-19 Afflicted World; P. Trapczynski, M.
G. Gorynia, J. Nowak, and R. Wolniak
Chapter
20. Host Country Risk Dynamics and Foreign Direct Investments; Very
Kunczer, Thomas Lindner, and Jonas Puck
Chapter 21. Strategies to Face BREXIT: The Case of Polish Companies; Barbara
Jankowska, Aleksandra Kania, and Katarzyna Mroczek-Dabrowska
Chapter
22. Polish Companies and the Uncertainty Over BREXITs Regulatory
Void: Adaptive Strategies Towards the Unknown; Katarzyna Mroczek-Dabrowska
and Anna Matysek-Jdrych
Chapter
23. The Paradox of Distance: New Zealand Businesses During COVID-19;
Benjamin Fath, Antje Fiedler, Noemi Sinkovics, and Rudolf R. Sinkovics
Part V. Exogenous Crises Natural Distasters and Emergencies
Chapter
24. Managers Identification of Natural Disaster Risks: Findings From
a Survey of 18 Countries; Chang Hoon Oh and Jennifer Oetzel
Chapter
25. A Taxonomy of Corporate Emergency Responsibility to Ensure Social
Sustainability Post-Shock; Francisco Javier Forcadell and Elisa Aracil
Chapter
26. An Enterprise Risk Model for COVID-19 Crisis Effects The
Hungarian Experience; Peter Juhasz and Ageness Szabo
Chapter
27. Doing Business in a Distant Paradise; Adam Grzywacz, Magorzata
Kuczara, and Aleksandra Wsowska
Rob van Tulder is a professor of International Business-Society Management at Rotterdam School of Management, Erasmus University (RSM).
Alain Verbeke is a Professor at the University of Calgary and affiliated with the University of Reading and the Vrije Universiteit Brussels.
Lucia Piscitello is Professor of International Business at Politecnico di Milano, School of Management.
Jonas Puck is Full Professor at the WU Vienna University of Economics and Business and was the founding Head of WU's Institute for International Business.
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