Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/288956 
Year of Publication: 
2020
Citation: 
[Journal:] Journal of International Business Studies [ISSN:] 1478-6990 [Volume:] 51 [Issue:] 9 [Publisher:] Palgrave Macmillan UK [Place:] London [Year:] 2020 [Pages:] 1516-1528
Publisher: 
Palgrave Macmillan UK, London
Abstract: 
The governance structures of the value-creating activities of MNEs have evolved towards more networked forms that are geographically highly concentrated and involve partnering with diverse actors. The experimentation that takes place within these corporate networks has a parallel on the government side, where subnational governments, and particularly cities as hubs of economic activity, have increased their profile and level of cooperative activity. We argue that engagement in these partnerships is an essential way in which firms and governments co-evolve and create the basis for sustainable economic growth in the Information Age. While the origins of this collaborative form of governance reside in the increasing knowledge intensity of value creation, its implications go far beyond MNE value creation and capture, extending to issues of global governance such as climate change and sustainable development goals. We examine the implications of this process of co-evolution both in terms of the costs of developing the requisite corporate capabilities as well as the legitimacy of these efforts as part of a deliberative democracy.
Subjects: 
theory of FDI and the MNE
knowledge transfer and innovation
economic geography
business–government interaction
multi-party cooperation
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article
Document Version: 
Published Version

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.