Developing Institutions for the New Space Race

This chapter examines the dynamic of the major actors in today's new space race. The initial space race featured nation-states as the primary actors. However, the current space race has undergone privatization and now features corporations as additional key players, along with developing nations. The result is the semi-private commoditization of a public good that crosses through different hemispheres, as well as competition between actors from both the firm and state level. Building on world systems theory and institutional theory, this chapter argues that the privatization of space exploration mandates the construction of inter-hemispheric institutional frameworks that apply globally. A descriptive case study that juxtaposes India and SpaceX offers foundational insight into how inter-hemispheric institutions are created. Given the challenging parity between state sovereignty and global consensus and its influence on firm behavior, this chapter proposes an exploratory examination of the processes and strategic choices behind inter-hemispherization to incite future scholarship.

Russia

International economic developments are driven by two conflicting trends: globalization and localization with rising protectionism in many global regions and nations. Russian economy seems to be well globalized and integrated into the world economy. But it is still composed mostly of mineral fuels, oils, distillation products (48%), commodities (15%) with the sign of economic nationalism and state capitalism in the growing degree of direct and indirect state participation in the economy, rising from 35% in 2005 to approximately 70% in 2015. During the last 15 years the model of state capitalism, combined with a significant level of world integration, supported economic growth, development, and even rising competitiveness of Russia. On the other hand, the Russian economy is slowing down and balances between stagnation and recession, and a significant share of state-owned economy in the long run can lead to slowing down the internal competition and innovation.

Economic Nationalism and International Business

The purpose of this chapter is to illuminate the importance of the biases and motivating factors that have propelled economic nationalist movements across the globe. Too frequently scholars assume economic nationalism as a starting point to understand strategic choices. The authors argue that ethnic and racial biases, however, are an important antecedent to economic nationalism that transitively impact firm strategic processes such as internalization. Specifically, they suggest that ethnic and racial tensions that exist within and between governments and people add unique pressure structures to which firms respond. Through a case study of South Africa, the authors highlight the impact that these pressure structures have on firm-level strategic processes surrounding internalization.

Economic Nationalism and Foreign Domestic Investment (FDI)

Nationalism is not closing the door to other nations. On the contrary, sometimes it exhibits as crazy expansion. For example, during the Second World War, both Adolf Hitler and Emperor of Japan claimed that they are helping their citizens. However, that is not the truth. Both German and Japanese people suffered something that they wouldn't have suffered without this war. Meanwhile, nationalism is one reason that the other countries keep fighting the war. By observing the relationship among nationalism, government policies and intervention, and FDI, this chapter attempts to offer an understanding of how FDI is impacted by the nationalism and government policies and intervention by providing two cases: the Brexit of the UK and the “American First” of the USA.

USA Economic Nationalism and the Second-Hand Clothes Industry in Sub-Saharan Africa

This chapter examines the effects of USA economic nationalism in the second-hand clothing (SHC) industry within Sub-Sahara Africa (SSA). The SHC industry creates an estimated 355,000 jobs in the EAC, which predictably generates incomes of US$230 million that supports an estimated 1.4 million people. The chapter looks at attempts by Kenya, Ghana, Nigeria, Zambia, and Rwanda, among other Sub-Saharan to curtail SHC to protect their infant or struggling textile industry through subtle economic nationalism policies. It then examines the repercussions of having Rwanda implementing the ban from US market. The study inspects why the Trump-led administration feels that the SHC industry is important to the US. Undeniably, the chapter will put forward a case for banning of SHC and why it is gaining notoriety in the Sub-Saharan Africa region. The chapter finally advises what managers ought to do in the wake of economic nationalism and American only policy in Africa.

Economic Nationalism and Corporate Social Responsibility

This chapter addresses conceptual relationships between corporate social responsibility (CSR) and a set of related phenomena typically labeled as economic nationalism, economic patriotism, economic protectionism, populism, and antiglobalization. The research question addressed is whether this set of related phenomena redefines or at least affects CSR in significant ways that practitioners and scholars should include in the conception of CSR and, if so, how theoretically. Such investigation is affected by two essential circumstances. First, CSR remains a topic of continuing theoretical controversy: specific “responsibility” of any business anywhere is not a resolved matter. Second, economic nationalism and related phenomena—which appear to be rising in importance—are opposed to the economic, political, and social globalization effects following the 1995 founding of the World Trade Organization (WTO). The chapter seeks to refine CSR for varying conditions as shaped by economic nationalism, economic patriotism, economic protectionism, populism, and antiglobalization.

Implications of the European Union (EU)-African, Caribbean, and Pacific Partnership Agreements on Economic Nationalism

This chapter seeks to understand the EU-ACP trade relations under the economic partnership agreement (EPA) arrangement and its implications on economic nationalism of developing nations with specific reference to Zimbabwe. The research strongly leans on the view that EPAs have little or no economic benefit to the ACP. Even though the EU tagged the ensuing trade relationship with the ACP as partnership, in the real sense, it is more of paternalism. This is especially so as the EU dictates the terms and the pace of the negotiation, owns the incentives (in the form of aid and technical assistance), and either dispenses or withdraws it at will, depending on the “behavior” of the ACP countries. In order to benefit from EPAs, ACP countries must fund their own economies. ACP states should also address internal political challenges before committing to multiple economic fronts such as the EPAs.

Implications of the African Continental Free Trade Agreement (AfCFTA) on the Economy of African States

The failure of some African Union member-nations including Nigeria to endorse the African Continental Free Trade Agreement (AfCFTA) that would create one of the largest free trade areas in the world has provoked a lot of controversies that are yet to be resolved. While some of the relevant stakeholders in the countries that have refused to sign the treaty are urging the heads of their countries' governments to withhold assent until when all the contending issues regarding the AfCFTA are amicably settled, others desire to have the agreement signed in order to harness its benefits for the continent. As the controversies rage, it appears that the implementation of the much awaited agreement has been put on hold, thus thwarting the progress of the continent. This chapter therefore wades through the controversies and points the way ahead for the AfCFTA to be acceptable by all.

A Conceptual Framework for Managerial Analysis Under Economic Nationalism and Globalization

This chapter qualitatively examines cross-national managerial strategies employed at the Japanese automakers in the context of economic nationalism. It proposes and tests a simple yet versatile conceptual framework by developing existing models and integrating foundational concepts available in literature. Proposed as a tool for comparative analysis on management styles, the framework has two extreme ends of a continuum to capture not only variants of the social realities but also changes of businesses as it shifts between the extremes. The findings suggest that the force of economic nationalism likely affects the Japanese automakers' growth strategies, and the dynamics of managerial styles are company-specific under intensified globalization.

The Impact of Macroeconomic Indicators on Unemployment Rate

The aim of this chapter is to study the impact of the selected macroeconomic indicators on unemployment rate in the region of Western Balkan countries and, more specifically, Albania, Serbia, Macedonia, Montenegro, Bosnia-Herzegovina, and Kosovo. This research is based on the time period 2000 to 2017 and includes five countries and the econometric model used in here is panel data. Data are retrieved from official and trustable sources such as World Bank and International Monetary Fund (IMF). The methodology used is the vector autoregressive model (VAR), unit root test, Hausman test, Granger causality test. All the macroeconomic variables, inflation, interest rates, GDP, and FDI are found to have a significant impact on unemployment rate of this group of countries. The novelty of this study remains the fact that this analysis is performed for the Western Balkan countries as a group. The results can serve and can be taken into consideration when applying similar econometric analysis in the future researches or implementing new policies that influences the macroeconomic factors.