The global business landscape is changing — rapidly. The past decade has seen major disruptions, including the pandemic, military conflict, and geopolitical tensions, with severe ramifications for multinational organizations that operate as part of the global economy. It is no longer viable to optimize international business activities in tightly coupled value chains too rigid and inflexible to deal with major, often unexpected, disruptions. Instead, rapidly changing environmental conditions require flexible processes and structures to enable adaptation to major events.

In this edited volume, researchers at the Copenhagen Business School, associated international scholars, and talented students attempt to make sense of these global political developments, considering how they may affect global business conditions, and how multinational enterprises can navigate them. The volume includes 18 distinct chapters addressing different business and policy challenges posed by an uncertain economic future. The possible consequences of these changes are analyzed in view of emerging trends toward deglobalization between Europe and the rest of the world. These will inevitably affect the structure of global industries, and multinational corporations must find ways to deal effectively with the changing conditions. Many of the contributions frame the issues from a European angle, whereas others present diverse backgrounds outside of European markets, including China, India, and the United States. So, the volume presents 'European Perspectives,' while also engaging with broader economic, political, and cultural views.

Contents:

• Business, Markets and Governance in an Era of Uncertainty (Edward Ashbee)


• Dissecting the Pillars of China's Economy: The Role, Governance and Diversity of State-Owned Enterprises (Kasper Ingeman Beck)


• Can India Be the Next Biggest Story? Opportunities and Structural Challenges (Aradhna Aggarwal)


• Neo-Globalization with Diverse Strategic Options for Multinational Enterprises (Peter Ping Li)


• The Future of the US Dollar (Jørgen Ørstrøm Møller)


• The Global Paradox of Financial Inclusion versus Money Laundering and Terrorist Financing: The Case of Hawala (Kalle Johannes Rose)


• Six Myths About the Effects of Sanctions (Michal Wyrebkowski, Steven Tian and Jeffrey A Sonnenfeld)


• The Effectiveness of Global Economic Sanctions (Tobias Allingham, Joachim Philip Bisgaard and Frederik Christian Gade)


• Why Is the Chip Industry So Special? (Jörg Hübner)


• The Global Semiconductor Industry: Potential Future Implications of US–China Policy Conflict (Johannes Toft Bendtsen)


• The Global Race for Microchips: A Study of the EU Chips Act as a Reshoring Incentive (Louise Viktoria Axelina Winstrup and Gustav Anders Blomqvist)


• Global Use of Data and European Responses (Johnny Ryan)


• The New Patterns of Competition Between Chinese and European Firms in the Global Shipping and Logistics Industry (Claes-Göran Alvstam, Liping Jiang and Bent Petersen)


• Building Business Ecosystems to Cope with Uncertainty (Arnoud De Meyer)


• The European Automotive Industry's Use of Non-Market Strategies to Strengthen Its Competitive Position vis-à-vis Chinese Entrants (Louise Albrechtsen and Katinka L H Borregaard)


• Corporate Diplomacy and Exit Strategies (Mike W Peng, Jing Li and Daniel Shapiro)


• Transnational Management in a Disruptive World: Exploiting Business Opportunities Through Planning and Interactive Controls (Torben Juul Andersen)


• Corporate and Public Responses to Uncertainty: Understanding the Challenge of Collaboration (Peter C Young)

Readership: This book is suitable for decision-makers in multinational organizations, students in international business and politics, researchers in international business and politics, policymakers, and regulators.