IDEAS home Printed from https://ideas.repec.org/a/acf/journl/y2022id1777.html
   My bibliography  Save this article

Globalization versus Localization: The New Management Paradigm of 21th Century

Author

Listed:
  • I. V. Boiko

Abstract

The 21th century challenges and the erosion of the global economic and business networks makes it urgent the rethinking of the main scientific research discourse in management. The article provides the overview of the scientific publications, dedicated to the globalization of the world economy and the main causes of the upcoming deglobalization. It is highlighting the impact of the strengthening trade and techno nationalism as well as the COVID-19 pandemic consequences on the world economy in general and the creation of global value chains in particular. It is also explains the imperative of economic and business processes localization by the degradation of the global environment and climate change. Some authors state that the new theoretical mainstream and a paradigm of management is needed to reflect the realities of the substantial transitions in the global economy.

Suggested Citation

  • I. V. Boiko, 2022. "Globalization versus Localization: The New Management Paradigm of 21th Century," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 1.
    • Handle: RePEc:acf:journl:y:2022:id:1777
    DOI: 10.22394/1726-1139-2022-1-64-75
    as

    Download full text from publisher

    File URL: https://www.acjournal.ru/jour/article/viewFile/1777/1534
    Download Restriction: no
    File URL: https://libkey.io/10.22394/1726-1139-2022-1-64-75?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Naomi Beingessner & Amber J. Fletcher, 2020. "“Going local”: farmers’ perspectives on local food systems in rural Canada," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(1), pages 129-145, March.
    2. Christian Elleby & Ignacio Pérez Domínguez & Marcel Adenauer & Giampiero Genovese, 2020. "Impacts of the COVID-19 Pandemic on the Global Agricultural Markets," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(4), pages 1067-1079, August.
    3. Dani Rodrik, 2018. "Populism and the economics of globalization," Journal of International Business Policy, Palgrave Macmillan, vol. 1(1), pages 12-33, June.
    4. Michael Hitt & R. Michael Holmes & Jean-Luc Arregle, 2021. "The (COVID-19) Pandemic and the New World (Dis)Order," Post-Print hal-03188240, HAL.
    5. Hu, Shiwei & Zhang, Yuyao, 2021. "COVID-19 pandemic and firm performance: Cross-country evidence," International Review of Economics & Finance, Elsevier, vol. 74(C), pages 365-372.
    6. Thomas I. Palley, 2019. "The Fracturing of Globalization: Implications of Economic Resentments and Geopolitical Contradictions," Challenge, Taylor & Francis Journals, vol. 62(1), pages 49-66, January.
    7. Rory Horner & David Hulme, 2019. "From International to Global Development: New Geographies of 21st Century Development," Development and Change, International Institute of Social Studies, vol. 50(2), pages 347-378, March.
    8. Oldekop, Johan A. & Horner, Rory & Hulme, David & Adhikari, Roshan & Agarwal, Bina & Alford, Matthew & Bakewell, Oliver & Banks, Nicola & Barrientos, Stephanie & Bastia, Tanja & Bebbington, Anthony J., 2020. "COVID-19 and the case for global development," World Development, Elsevier, vol. 134(C).
    9. Peter J. Buckley & Mark Casson, 1991. "The Future of the Multinational Enterprise," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-21204-0.
    10. Axel Dreher, 2006. "Does globalization affect growth? Evidence from a new index of globalization," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1091-1110.
    11. McWilliam, Sarah E. & Kim, Jung Kwan & Mudambi, Ram & Nielsen, Bo Bernhard, 2020. "Global value chain governance: Intersections with international business," Journal of World Business, Elsevier, vol. 55(4).
    12. Hitt, Michael A. & Holmes, R. Michael & Arregle, Jean-Luc, 2021. "The (COVID-19) pandemic and the new world (dis)order," Journal of World Business, Elsevier, vol. 56(4).
    13. Delios, Andrew & Perchthold, Gordon & Capri, Alex, 2021. "Cohesion, COVID-19 and contemporary challenges to globalization," Journal of World Business, Elsevier, vol. 56(3).
    14. Olivier, Michelle M. & Wilson, Ben P. & Howard, Johnathon L., 2017. "Measuring Localisation Nationally to Form a Global Index," Ecological Economics, Elsevier, vol. 137(C), pages 207-219.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Luciano Ciravegna & Snejina Michailova, 2022. "Why the world economy needs, but will not get, more globalization in the post-COVID-19 decade," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(1), pages 172-186, February.
    2. Iiris Saittakari & Tiina Ritvala & Rebecca Piekkari & Perttu Kähäri & Sami Moisio & Tomas Hanell & Sjoerd Beugelsdijk, 2023. "A review of location, politics, and the multinational corporation: Bringing political geography into international business," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(6), pages 969-995, August.
    3. George, Gerard & Schillebeeckx, Simon J.D., 2022. "Digital transformation, sustainability, and purpose in the multinational enterprise," Journal of World Business, Elsevier, vol. 57(3).
    4. Puhr, Harald & Müllner, Jakob, 2022. "Foreign to all but fluent in many: The effect of multinationality on shock resilience," Journal of World Business, Elsevier, vol. 57(6).
    5. Kafouros, Mario & Cavusgil, S. Tamer & Devinney, Timothy M. & Ganotakis, Panagiotis & Fainshmidt, Stav, 2022. "Cycles of de-internationalization and re-internationalization: Towards an integrative framework," Journal of World Business, Elsevier, vol. 57(1).
    6. Lee, Hyoungjin & Chung, Chris Changwha, 2022. "Go small or go home: Operational exposure to violent conflicts and foreign subsidiary exit," Journal of World Business, Elsevier, vol. 57(6).
    7. Lazarova, Mila & Caligiuri, Paula & Collings, David G. & De Cieri, Helen, 2023. "Global work in a rapidly changing world: Implications for MNEs and individuals," Journal of World Business, Elsevier, vol. 58(1).
    8. Kraus, Sina A. & Blake, Benjamin D. & Festing, Marion & Shaffer, Margaret A., 2023. "Global employees and exogenous shocks: considering positive psychological capital as a personal resource in international human resource management," Journal of World Business, Elsevier, vol. 58(3).
    9. Delios, Andrew & Perchthold, Gordon & Capri, Alex, 2021. "Cohesion, COVID-19 and contemporary challenges to globalization," Journal of World Business, Elsevier, vol. 56(3).
    10. Michael A. Witt, 2019. "De-globalization: Theories, predictions, and opportunities for international business research," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(7), pages 1053-1077, September.
    11. Chun, Wootae & Wang, Zhan & Gon Kim, Hyun, 2024. "Do environmental regulations drive MNEs’ equity ownership? Considering the impact of exogenous shocks on MNEs’ cross-border acquisitions," Journal of Business Research, Elsevier, vol. 174(C).
    12. Andreas Bergh & Anders Kärnä, 2021. "Globalization and populism in Europe," Public Choice, Springer, vol. 189(1), pages 51-70, October.
    13. Mark Lorenzen & Ram Mudambi & Andreas Schotter, 0. "International connectedness and local disconnectedness: MNE strategy, city-regions and disruption," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 0, pages 1-24.
    14. Jha, Priyaranjan & Gozgor, Giray, 2019. "Globalization and taxation: Theory and evidence," European Journal of Political Economy, Elsevier, vol. 59(C), pages 296-315.
    15. Singh, Deeksha & Gaur, Ajai S., 2021. "Risk mitigation strategies in international B2B relationships: Role of institutions and governance," Journal of Business Research, Elsevier, vol. 136(C), pages 1-9.
    16. Nikitas Konstantinidis & Konstantinos Matakos & Hande Mutlu-Eren, 2019. "“Take back control”? The effects of supranational integration on party-system polarization," The Review of International Organizations, Springer, vol. 14(2), pages 297-333, June.
    17. Wu, Yan & Strange, Roger & Shirodkar, Vikrant, 2021. "MNE divestments of foreign affiliates: Does the strategic role of the affiliate have an impact?," Journal of Business Research, Elsevier, vol. 128(C), pages 266-278.
    18. Ofori, Isaac K. & Freytag, Andreas & Asongu, Simplice A., 2024. "Economic globalisation and Africa's quest for greener and more inclusive growth: The missing link," International Economics, Elsevier, vol. 178(C).
    19. Geleilate, José-Mauricio G. & Magnusson, Peter & Parente, Ronaldo C. & Alvarado-Vargas, Marcelo J., 2016. "Home Country Institutional Effects on the Multinationality–Performance Relationship: A Comparison Between Emerging and Developed Market Multinationals," Journal of International Management, Elsevier, vol. 22(4), pages 380-402.
    20. Manuel Funke & Moritz Schularick & Christoph Trebesch, 2023. "Populist Leaders and the Economy," American Economic Review, American Economic Association, vol. 113(12), pages 3249-3288, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:acf:journl:y:2022:id:1777. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://sziu.ranepa.ru .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.