Journal
JOURNAL OF INTERNATIONAL BUSINESS STUDIES
Volume 52, Issue 6, Pages 1215-1224Publisher
PALGRAVE MACMILLAN LTD
DOI: 10.1057/s41267-021-00410-9
Keywords
COVID-19; risk; global value chains; labor markets
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The COVID-19 pandemic has accelerated both de-globalization of capital and globalization of labor, presenting rich opportunities for research in the field of international business.
We assess the expected long-run consequences of the unfolding COVID-19 pandemic and use these as a platform to argue that international business (IB) as a field should expand its research agenda to study the international division of labor. The worldwide response to the COVID-19 pandemic is accelerating the shift toward the de-globalization of capital, but it will also speed up the move to a stronger globalization of labor. This paradoxical, simultaneous occurrence of de-globalization and globalization offers rich opportunities for future IB research.
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