The level of globalisation in the contemporary business environment is indicated by the transmission and impact of the recent global financial, economic and sovereign debt crisis. International trade and foreign direct investment (FDI) are still the most important driving factors of globalization, and the latter has become more important than the former in the aftermath of the crisis.
UNCTAD statistics indicate that in 2008 – when the crisis was a global phenomenon – world FDI stock was approximately 26 percent of world gross domestic product (GDP), at the same time as the value of merchandise and services trade was approximately 33 percent of world GDP. The most recent data available from UNCTAD statistics indicates that world FDI stock was approximately 30 percent of world GDP in 2011, while the value of merchandise and services trade was approximately 23 percent of world GDP.
The aim of the special issue is to reveal the determinants, strategy and impact of internationalisation through FDI in the aftermath of the current global crisis.
The issue will primarily focus on – but will not be limited to – empirical research in the following indicative fields:
- Business strategy and origin of multinational corporations (MNCs)
- FDI determinants (motives and barriers)
- Impact of FDI (on economic growth, on employment, on output, etc.)
- FDI incentives and disincentives
- FDI and trade
- Mergers and acquisitions (M&As)
- Multinationals (MNCs/MNEs), political strategies and economic development
All submissions should adopt a global perspective and discuss the implications of the increasingly globalised business environment.
Important Dates
Submission of manuscripts: 31 May, 2014
Notification to authors: 31 August, 2014
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