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The changed geopolitical map: implications for international business policy in a sustainable finance perspective

In: Handbook of International Business Policy

Author

Listed:
  • Pervez N. Ghauri
  • Lars Oxelheim
  • Trond Randøy

Abstract

The chapter acknowledges the changed geopolitical map and the new adjacent political mind-set and examines the current state of the relationship between MNEs and governments/central banks and its implications for business policy in a sustainable finance perspective. The analysis reveals that the increased tensions in the post-financial crisis of 2008/09, the ultra-low interest rates during the Covid-19 pandemic, and development in geopolitics post-Ukraine, all need to be addressed by careful adaptation of company strategies and government policies. The changing relationship between multinationals and governments/central banks and how the two parties can work together towards the achievement of United Nations’ Sustainable Development Goals (SDGs) has to be considered. These grand challenges call for sustainable financial decisions that internalize environmental, social, and governance (ESG) considerations. The chapter attempts to address this call and explore the implications for the practice of sustainable finance in a MNE that considers a reorganization of its global logistic chain as a result of increased frictions in crossing national borders.

Suggested Citation

  • Pervez N. Ghauri & Lars Oxelheim & Trond Randøy, 2024. "The changed geopolitical map: implications for international business policy in a sustainable finance perspective," Chapters, in: Philippe Gugler & Ana T. Tavares-Lehmann (ed.), Handbook of International Business Policy, chapter 10, pages 170-189, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22160_10
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035308682.00018
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