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Cited by 501International Business and FDIInnovation and Knowledge ManagementGlobal trade, sustainability, and social impact

The structural reshaping of globalization: Implications for strategic sectors, profiting from innovation, and the multinational enterprise

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Petricevic, Olga, Teece, David J·2019·Journal of International Business Studies
DOI 10.1057/s41267-019-00269-x
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Abstract

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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Crossref · 10.1057/s41267-019-00269-x

Cites

193 of 193 references verified0 citation errors · 0 not checkable

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Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

  • The vast bulk of FDI is in non-strategic sectors such as agriculture, fashion, consumer goods, and insurance.

    “The fact remains that the vast bulk of FDI is in “…non-strategic sectors, such as agriculture, fashion, consumer goods, and even insurance.” (Petricevic & Teece, 2019, p. 1502).”

    From The world economy will need even more globalization in the post-pandemic 2021 decade (2022) · cites this paper as Petricevic & Teece, 2019

    The paper’s “Individual Firm Actions” section identifies agriculture, fashion, consumer goods, and insurance as non-strategic sectors. It says prospects in China may be best for firms in those sectors; it does not say that the vast bulk of FDI goes to them. (LLM, conf=0.88)

    Experimental — accuracy not yet measured

  • New techno-nationalism is deeply intertwined with geopolitics and drives worldwide de-globalization and decoupling with structural changes.

    “New techno-nationalism mingles deeply and intricately with geopolitics, propelling a new time of worldwide de-globalization and decoupling with structural changes”

    From Illusions of techno-nationalism. (2022) · cites this paper as Petricevic & Teece, 2019

    The Introduction identifies neo-techno-nationalism as a force reshaping the global economic order, and the VUCA section links that reshaping to geopolitical shifts, de-globalization tendencies, and possible value-chain decoupling. The claim overstates the paper’s qualifications: it presents worldwide de-globalization and decoupling as outcomes already being propelled, whereas the paper describes tendencies and says value chains may be moving toward decoupling. Page numbers were not available in our copy. (LLM, conf=0.86)

    Experimental — accuracy not yet measured

  • The US-China techno-political rivalry is rising.

    “They are correct in highlighting the rising techno-political rivalry between the US and China.”

    From The world economy will need even more globalization in the post-pandemic 2021 decade (2022) · cites this paper as Petricevic and Teece (2019)

  • There is a rekindling of the idea of government intervention in the foreign direct investment process.

    “Petricevic and Teece (2019) correctly identify the rekindling of the idea of government intervention in the foreign direct investment process.”

    From The world economy will need even more globalization in the post-pandemic 2021 decade (2022) · cites this paper as Petricevic and Teece (2019)

  • The fracture in the world economy between the USA and China is caused by government policy.

    “The fracture in the world economy between the USA and China is the result of Government policy”

    From The theory and empirics of the structural reshaping of globalization (2020) · cites this paper as Petricevic & Teece, 2019

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Cites

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Research works printed but not linked: 9

  1. [5]5. Areddy, J. T. 2018. American entrepreneurs who flocked to China are heading home, disillusioned. Wall Street Journal Eastern Edition. December 8.
  2. [24]24. Bremmer, I., & Roubini, N. 2011. AG-zero world-the new economic club will produce conflict, not cooperation. Foreign Affairs, 90(2): 2-7.
  3. [85]85. Lall. S. 2004. Reinventing industrial strategy: the role of government policy in building industrial competitiveness (No. 28. G-24 Discussion Paper Series. United Nations Conference on Trade and Development.
  4. [140]140. Reich, R. B. 1987. The rise of techno-nationalism. The Atlantic Monthly 259(5): 62-69.
  5. [148]148. Schotter, A., & Teagarden, M. 2014. Protecting intellectual property in China. MIT Sloan Management Review, 55(4): 41-48.
  6. [171]171. van Tulder, R., Verbeke, A. & Jankowska B. (Eds.). 2020. International Business in a VUCA World. PIBR, Volume 14. Bingley, UK: Emerald Publishing.
  7. [180]180. Wei, L., & Davis, B. 2018. How China systematically pries technology from U.S. companies. Wall Street Journal Eastern Edition, September 27.
  8. [182]182. Wernau, J. 2019. Forced tech transfers are on the rise in China (p. 20). Wall Street Journal, May: European Firms Say.
  9. [187]187. Wong, C. H., & Dou, E. 2017. Foreign companies in China Get a New Partner: The Communist Party. Wall Street Journal Eastern Edition, October 30.

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Authors
Petricevic, O., & Teece, D. J.
Affiliations
University of California, Berkeley (US)
ORCID
Teece, David J
Venue
Journal of International Business Studies
Publisher
Springer Science and Business Media LLC
Published
2019-10-28
Volume
50
Issue
9
Pages
1487-1512
ISSN
  • 0047-2506 (ISSN-L)
  • 1478-6990
DOI
10.1057/s41267-019-00269-x
OpenAlex
W2982414494
Semantic Scholar
c26b542e4cf30a1a1b2dc8541f84d1e7de0a4cce
Cited by
501
References
193
Citations by year
2026: 80 · 2025: 103 · 2024: 83 · 2023: 77 · 2022: 70 · 2021: 53 · 2020: 34 · 2019: 1
FWCI
60.77
Type
journal article
Language
en
Open access
Licence
other-oa
Locations
  • Journal of International Business Studies (publishedVersion, other-oa)
  • RePEc: Research Papers in Economics (submittedVersion)
  • eScholarship (California Digital Library) (submittedVersion, cc-by-nc-nd)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › International Business and FDI
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Global trade, sustainability, and social impact
Keywords
protectionism, techno-nationalism, internationalization motives, innovation networks, multinational corporations, dynamic capabilities, strategic industries

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