The article "The Politicized Nature of International Business" by Sjoerd Beugelsdijk and Yadong Luo explores the evolving political landscape in international business (IB) over the past three decades. Initially, IB scholars like Bodewyn and Brewer (1994) highlighted the political non-market environment as a key distinction from domestic business. However, the optimism of the 1990s about a borderless world has been replaced by debates on techno-nationalism, de-globalization, and trade restrictions. Major economic powers have shifted their focus to national security and domestic industries, marking a significant departure from the era of globalization.
The authors argue that this political turn in IB research is crucial for understanding contemporary global economic developments and predicting their implications. They emphasize the need to re-evaluate the unique contributions of IB scholars to organization and management theory, particularly in light of the increasing politicization of international business. This shift has implications for how firms operate in different political regimes, challenging traditional theories and methods.
The article also discusses the concept of "geo-cultural intelligence," which involves navigating the complex interplay of geopolitics and cultural forces. It highlights the importance of understanding and managing ideological biases and underlying conditions that fuel conflicts. The authors conclude by advocating for a dynamic and evolving perspective on globalization, emphasizing that IB should not be seen as a subfield but as a universal theory of firms operating across the globe.The article "The Politicized Nature of International Business" by Sjoerd Beugelsdijk and Yadong Luo explores the evolving political landscape in international business (IB) over the past three decades. Initially, IB scholars like Bodewyn and Brewer (1994) highlighted the political non-market environment as a key distinction from domestic business. However, the optimism of the 1990s about a borderless world has been replaced by debates on techno-nationalism, de-globalization, and trade restrictions. Major economic powers have shifted their focus to national security and domestic industries, marking a significant departure from the era of globalization.
The authors argue that this political turn in IB research is crucial for understanding contemporary global economic developments and predicting their implications. They emphasize the need to re-evaluate the unique contributions of IB scholars to organization and management theory, particularly in light of the increasing politicization of international business. This shift has implications for how firms operate in different political regimes, challenging traditional theories and methods.
The article also discusses the concept of "geo-cultural intelligence," which involves navigating the complex interplay of geopolitics and cultural forces. It highlights the importance of understanding and managing ideological biases and underlying conditions that fuel conflicts. The authors conclude by advocating for a dynamic and evolving perspective on globalization, emphasizing that IB should not be seen as a subfield but as a universal theory of firms operating across the globe.