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Implementing the United Nations’ Sustainable Development Goals in international business

Open access
Montiel, Ivan, Cuervo-Cazurra, Alvaro, Park, Junghoon, Antolín-López, Raquel, Husted, Bryan W.·2021·Journal of International Business Studies

Abstract

Building on the concept of externalities, we propose an explanation of how multinationals can contribute to the enactment of the United Nations’ Sustainable Development Goals as part of their ordinary investments. First, we suggest grouping the 17 Sustainable Development Goals into six categories based on whether they increase positive externalities – knowledge, wealth, or health – or reduce negative externalities – the overuse of natural resources, harm to social cohesion, or overconsumption. Second, we propose placing these categories within an extended value chain to facilitate their implementation. Third, we argue that multinationals’ internal investments in host-country subsidiaries to improve their competitiveness contribute to addressing externalities in host-country communities, while external investments in host communities to solve underdevelopment generate competitiveness externalities on host-country subsidiaries.

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Metadata

Authors
Montiel, I., Cuervo-Cazurra, A., Park, J., Antolín-López, R., & Husted, B. W.
Venue
Journal of International Business Studies
Published
2021-05-25
Volume
52
Issue
5
Pages
999-1030
ISSN
  • 0047-2506 (ISSN-L)
  • 1478-6990
OpenAlex
W3159326540
Cited by
398
References
212
FWCI
58.04
Type
journal article
Language
en
Open access
bronze
Licence

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CoChat. (2026). Citation check: Implementing the United Nations’ Sustainable Development Goals in international business. https://app.cochat.ai/papers/10.1057/s41267-021-00445-y
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Montiel, I., Cuervo-Cazurra, A., Park, J., Antolín-López, R., & Husted, B. W. (2021). Implementing the United Nations’ Sustainable Development Goals in international business. Journal of International Business Studies. https://doi.org/10.1057/s41267-021-00445-y

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