International Business and the Crisis of Globalization
The author’s focal point is the interconnection and interdependence of geopolitics and business and corporate interests of modern states, primarily great powers in the new post globalized political and economic world order. Growing crisis of globalization has set up new rules of the game of market f...
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| Format: | Article |
| Language: | English |
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MGIMO University Press
2019-07-01
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| Series: | Vestnik MGIMO-Universiteta |
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| Online Access: | https://www.vestnik.mgimo.ru/jour/article/view/963 |
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| author | A. Yu. Borisov |
| author_facet | A. Yu. Borisov |
| author_sort | A. Yu. Borisov |
| collection | DOAJ |
| description | The author’s focal point is the interconnection and interdependence of geopolitics and business and corporate interests of modern states, primarily great powers in the new post globalized political and economic world order. Growing crisis of globalization has set up new rules of the game of market forces as a result of emerging new centers of state power, both in Europe and in Asia at the expense of «indispensable» America. American decay has become the buzz – word in academic community on both sides of the Atlantic. On «The Self Destruction of American Power» and on how «Washington squandered the Unipolar Moment» for example elaborates Fareed Zakaria, well known columnist and the author of «Post – American World». The question raised and answered in the article is how successfully international business adapts to new conditions of post globalization world and more fragmented marketplace. According to the author corporate interests in a way have become hostage to perilous geopolitical designs and protectionist strategies. The present Trump administration concerned by the rise of China and other competitors wages trade wars against both friends and foes more often than not at the expense of American businesses. The old Marxist dogma and economic determinism that «economics dictates politics» is not valid anymore under the new conditions of strengthening geopolitical rivalry of major world powers and their fighting for supremacy in international politics without due regard for specific business gains or losses. The United States being the only superpower is doing its utmost to stay the course of global hegemony and raises stakes for higher geopolitical risks at the expense of transnational business interests. Its relationships with China and Russia referred to by Washington as «revisionist powers» are at the forefront of the research. The key question to be answered as a result of the offered narrative is whether international cooperation or confrontation today plays a key role from the perspective of corporate “bottom line”. |
| format | Article |
| id | doaj-art-6cea2d6c455a49e19e68fa1fc81da191 |
| institution | Kabale University |
| issn | 2071-8160 2541-9099 |
| language | English |
| publishDate | 2019-07-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Vestnik MGIMO-Universiteta |
| spelling | doaj-art-6cea2d6c455a49e19e68fa1fc81da1912025-01-30T12:15:53ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992019-07-0103(66)618810.24833/2071-8160-2019-3-66-61-88852International Business and the Crisis of GlobalizationA. Yu. Borisov0Moscow State Institute of International Relations (University)The author’s focal point is the interconnection and interdependence of geopolitics and business and corporate interests of modern states, primarily great powers in the new post globalized political and economic world order. Growing crisis of globalization has set up new rules of the game of market forces as a result of emerging new centers of state power, both in Europe and in Asia at the expense of «indispensable» America. American decay has become the buzz – word in academic community on both sides of the Atlantic. On «The Self Destruction of American Power» and on how «Washington squandered the Unipolar Moment» for example elaborates Fareed Zakaria, well known columnist and the author of «Post – American World». The question raised and answered in the article is how successfully international business adapts to new conditions of post globalization world and more fragmented marketplace. According to the author corporate interests in a way have become hostage to perilous geopolitical designs and protectionist strategies. The present Trump administration concerned by the rise of China and other competitors wages trade wars against both friends and foes more often than not at the expense of American businesses. The old Marxist dogma and economic determinism that «economics dictates politics» is not valid anymore under the new conditions of strengthening geopolitical rivalry of major world powers and their fighting for supremacy in international politics without due regard for specific business gains or losses. The United States being the only superpower is doing its utmost to stay the course of global hegemony and raises stakes for higher geopolitical risks at the expense of transnational business interests. Its relationships with China and Russia referred to by Washington as «revisionist powers» are at the forefront of the research. The key question to be answered as a result of the offered narrative is whether international cooperation or confrontation today plays a key role from the perspective of corporate “bottom line”.https://www.vestnik.mgimo.ru/jour/article/view/963business strategyglobalization and geopoliticsworld orderamerican decayamerican protectionismtrade warstrade sanctionstariff warsbusiness and foreign policybusiness expansionrise of chinaamerican alliesus and eubelt and roadchinese knotamerican hegemonyhuaweioil and gasnordstream -2hotbeds of tensionsales of armsmarket competitionunfair business practicesunfair competitionturkey and usabusiness conflictsmultinational companiescorporate intereststrump visiontrump dealsrussian strategyrussian business |
| spellingShingle | A. Yu. Borisov International Business and the Crisis of Globalization Vestnik MGIMO-Universiteta business strategy globalization and geopolitics world order american decay american protectionism trade wars trade sanctions tariff wars business and foreign policy business expansion rise of china american allies us and eu belt and road chinese knot american hegemony huawei oil and gas nordstream -2 hotbeds of tension sales of arms market competition unfair business practices unfair competition turkey and usa business conflicts multinational companies corporate interests trump vision trump deals russian strategy russian business |
| title | International Business and the Crisis of Globalization |
| title_full | International Business and the Crisis of Globalization |
| title_fullStr | International Business and the Crisis of Globalization |
| title_full_unstemmed | International Business and the Crisis of Globalization |
| title_short | International Business and the Crisis of Globalization |
| title_sort | international business and the crisis of globalization |
| topic | business strategy globalization and geopolitics world order american decay american protectionism trade wars trade sanctions tariff wars business and foreign policy business expansion rise of china american allies us and eu belt and road chinese knot american hegemony huawei oil and gas nordstream -2 hotbeds of tension sales of arms market competition unfair business practices unfair competition turkey and usa business conflicts multinational companies corporate interests trump vision trump deals russian strategy russian business |
| url | https://www.vestnik.mgimo.ru/jour/article/view/963 |
| work_keys_str_mv | AT ayuborisov internationalbusinessandthecrisisofglobalization |