Cited by 228International Business and FDIGlobalization, Economics, and PoliciesCOVID-19, Geopolitics, Technology, Migration

The world economy will need even more globalization in the post-pandemic 2021 decade

Open access
Contractor, Farok J.·2022·Journal of International Business Studies

Abstract

Instead of the dire predictions of a post-pandemic world characterized by increased global risks, decoupling of economies, shake-up of global value chains, and the retreat of globalization, this article proposes that the changes induced by heightened nationalism and protectionism will be marginal rather than fundamental in nature. These marginally higher risks can easily be handled and ameliorated by multinational enterprises through alternate cross-border business strategies and emerging technologies. Moreover, the paper gives reasons why the future world economy will need even more globalization.

Integrity signals

Registry

Crossref · 10.1057/s41267-020-00394-y

Cites

75 of 75 references verified0 citation errors · 0 not checkable

Statistics

Nothing to recompute.

Claims the paper makes

2 of 15 cited sources checked · 0 supported · 0 flagged · accuracy not yet measured

  • Background

    Over the long term from the 1990s to 2020, most FDI and trade indicators show five- to ten-fold growth.

    “most FDI and trade indicators, taken over a long-term trend line, i.e., the 1990s–2020 period, show a five- to ten-fold growth (Witt, 2019).”
    Quote in the paperNot yet classified1 of 1 sources checked
    • cites Witt, 2019 source

      The State of De-Globalization (p. 3) reports rapid earlier growth in trade and FDI measures. It does not report five- to ten-fold growth for most indicators over 1990–2020; instead, it describes peaks around 2007–2011 followed by declines, and its cited data do not extend to 2020. (LLM, conf=0.84)

      Experimental — accuracy not yet measured
  • Background

    Buckley argues that VUCA is reduced by greater information collection and improved transmission and coordination of informational resources; Liesch and Welch make a similar point.

    “Volatility, Uncertainty, Complexity and Ambiguity (VUCA) are reduced “…by the increased collection of information …with greater transmission and coordination of informational resources…” (Buckley, 2020). Liesch and Welch (2019) make a similar argument.”
    Quote in the paperNot yet classified1 of 2 sources checked
    • cites Buckley, 2020 source

      The VOLATILITY section contains the quoted language, but describes increased information collection, transmission and coordination as firms’ responses to increased volatility, not as a reduction of all four VUCA conditions. The VUCA section says amassing knowledge can help confront those conditions, and COLLECTING INFORMATION says uncertainty can be reduced by collecting information. These passages support a narrower claim than the citing sentence makes. (LLM, conf=0.87)

      Experimental — accuracy not yet measured
    • cites Liesch and Welch (2019)

      Couldn’t be matched to a paper in Crossref, so it can’t be checked.

  • Finding

    The MNE's role as a bridging agent that aggregates demand, arbitrages national differences, and orchestrates cross-border flows of capital, goods, services, and intellectual assets is indispensable.

    “The indispensable role played by the multinational enterprise (MNE) as a bridging agent that aggregates demand and arbitrages differences across nations, as well as orchestrates and conduits the cross-border flows of capital (FDI), goods and services (trade), and intellectual assets”
    Quote in the paperNot yet classified
  • Finding

    The paper claims that marginally higher risks can be readily managed by multinational enterprises using alternative cross-border strategies and emerging technologies.

    “These marginally higher risks can easily be handled and ameliorated by multinational enterprises through alternate cross-border business strategies and emerging technologies.”
    Quote in the paperNot yet classified
  • Finding

    All three international business indicators-FDI, trade, and licensing-grew faster than average GDP growth of 4.9% CAGR.

    “Nevertheless, it is clear that all three international business indicators have grown at a faster rate than the average growth rate of GDP (4.9% CAGR).”
    Quote in the paperNot yet classified

Cites

Flagged first, then by citations

6 of the 81 references couldn’t be matched to a known paper.

Research works printed but not linked: 5

  1. Purcell, D., Kushnier, G. & Law, D. 2016. Globalization and standardization. IEEE Standards University. August. https://www.standardsuniversity.org/e-magazine/august-2016-volume-6/globalization-and-standardization/.
  2. Roy, R. 2020. India’s leader calls for economic self-sufficiency, promises relief. Wall Street Journal, May 12.
  3. Tilley, A. 2020. Zoom targets prolonged remote-work era as coronavirus drags on. Wall Street Journal, July 15.
  4. UNCTAD. 2013. World investment report 2013: Global value chains: Investment and trade for development. New York: United Nations.
  5. Waldman, D., & Javidan, M. 2020. The false dichotomy between globalism and nationalism. Brighton: Harvard Business Review.

Cited by

Sorted by citations

Authors
Contractor, F. J.
Affiliations
Rutgers, The State University of New Jersey (US)
Corresponding author
Contractor, Farok J.
Venue
Journal of International Business Studies
Published
2021-02-01
Volume
53
Issue
1
Pages
156-171
ISSN
  • 0047-2506 (ISSN-L)
  • 1478-6990
OpenAlex
W3126211057
Cited by
225
References
81
Citations by year
2026: 24 · 2025: 40 · 2024: 37 · 2023: 52 · 2022: 47 · 2021: 25
FWCI
35.91
Type
journal article
Language
en
Open access
Locations
  • Journal of International Business Studies (publishedVersion)
  • PubMed Central (publishedVersion)
  • PubMed (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › International Business and FDI
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Globalization, Economics, and Policies
  • Social Sciences › Political Science and International Relations › COVID-19, Geopolitics, Technology, Migration
Keywords
globalization, COVID-19 pandemic, nationalism, protectionism, global value chains, multinational corporations, emerging technologies, economic decoupling, global risks

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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Claims read (extract-v2) on 2026-09-26.

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