Journal
JOURNAL OF INTERNATIONAL BUSINESS STUDIES
Volume 50, Issue 9, Pages 1487-1512Publisher
PALGRAVE MACMILLAN LTD
DOI: 10.1057/s41267-019-00269-x
Keywords
shaping globalization trajectories; MNE-host country relations; profiting from innovation; dynamic capabilities
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The rapid reshaping of the global economic order requires fundamental shifts in international business scholarship and management practice. New forms of protectionist policies, new types of internationalization motives, and new tools of techno-nationalism may lead to what we call bifurcated governance at the macro-level and value chain decoupling at the micro-level. As a result, innovation networks will require novel reconfigurations. We examine the emerging constraints on multinational enterprises, imposed by a bifurcated world order. We also discuss how the dynamic capabilities framework can guide scholars and managers alike to achieve new forms of evolutionary fitness.
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