TY - JOUR
T1 - Decoupling in international business
T2 - Evidence, drivers, impact, and implications for IB research
AU - Witt, Michael A.
AU - Lewin, Arie Y.
AU - Li, Peter Ping
AU - Gaur, Ajai
N1 - Funding Information:
We thank Professor Siah Hwee Ang for his constructive editorial guidance and the two anonymous reviewers for their helpful input. We are grateful to Thilo Hanemann and Mark Witzke of the Rhodium Group and Max Zenglein of MERICS for providing access to bilateral foreign direct investment data. We also thank audience members at AIB 2022 for their insightful questions and feedback. Peter Ping Li acknowledges financial support from NSFC Grant 71732007.
Publisher Copyright:
© 2022
PY - 2023/1
Y1 - 2023/1
N2 - We argue that decoupling, defined as the process of weakening interdependence between two nations or blocs of nations, has been ongoing between China and the United States and is likely to accelerate, with major implications for IB and MNE strategies and management. We present data that the world has experienced deglobalization and China-US decoupling and discuss the dynamics underlying decoupling and their implications for IB. We propose an initial framework of variations in decoupling by industry characteristics, and we outline novel and important questions for IB research growing out of our analysis. We conclude with a brief exposition of possible alternative scenarios.
AB - We argue that decoupling, defined as the process of weakening interdependence between two nations or blocs of nations, has been ongoing between China and the United States and is likely to accelerate, with major implications for IB and MNE strategies and management. We present data that the world has experienced deglobalization and China-US decoupling and discuss the dynamics underlying decoupling and their implications for IB. We propose an initial framework of variations in decoupling by industry characteristics, and we outline novel and important questions for IB research growing out of our analysis. We conclude with a brief exposition of possible alternative scenarios.
UR - http://www.scopus.com/inward/record.url?scp=85141789178&partnerID=8YFLogxK
U2 - 10.1016/j.jwb.2022.101399
DO - 10.1016/j.jwb.2022.101399
M3 - Article
SN - 1090-9516
VL - 58
SP - 1
EP - 11
JO - JOURNAL OF WORLD BUSINESS
JF - JOURNAL OF WORLD BUSINESS
IS - 1
M1 - 101399
ER -