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Sustainability in Firm Internationalization and International Trade

A special issue of Sustainability (ISSN 2071-1050).

Deadline for manuscript submissions: closed (31 March 2022) | Viewed by 11980

Special Issue Editor


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Guest Editor
Department of Economics, University of Molise, 86100 Campobasso, Italy
Interests: international trade theory and policy; gravity model of international trade; financial markets, firm internationalization; economics growth; applied econometrics
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Special Issue Information

Dear Colleagues,

numerous academic and economic policy analyzes have shown that there is a strong dualism in the reaction of the industrial systems to the joint effect of the economic globalization process and the growing competition from emerging countries. On the one hand, some firms react passively to the strongest foreign competition, trying to maintain as much as possible their profitability and their markets through more or less explicit forms of protectionism and increasingly directing their production to the domestic market. On the other hand, an increasing number of firms are instead trying to exploit the benefits of the expansion of potential foreign markets, increasing their degree of internationalization and aiming to maintain high profitability with a strategy of repositioning their supply to the most dynamic sectors and markets, also through huge investments in research and development and marketing. The growing competition from emerging countries can also represent a source of opportunity for businesses. In the context of the economic globalization process, investment in innovative activities is a key factor for the sustainable growth and competitiveness of businesses.

In particular, the research lines of this Special Issue mainly concern:

  • the analysis of firm internationalization processes, with particular reference to the different types of internationalization (e.g., exports, direct foreign investments, joint-ventures, etc.) and how firms promote sustainable development;
  • the analysis of the determinants of bilateral trade flows, in relation to the characteristics of the production systems of individual countries, the characteristics of legal and institutional systems and the matrix of bilateral relations, and the role of trade policies aiming to ensure sustainable development;
  • the study of the effects of firm internationalization on economic growth and sustainable development.

Assoc. Prof. Maria Cipollina
Guest Editor

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Keywords

  • firm internationalization
  • international trade
  • trade theory
  • trade policy
  • sectoral trade flows
  • globalization
  • sustainable development

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Published Papers (3 papers)

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Research

16 pages, 978 KiB  
Article
The Dark Matter of Bilateral Preferential Margins: An Assessment of the Effect of US Tariffs
by Maria Cipollina and Luca Salvatici
Sustainability 2022, 14(8), 4762; https://doi.org/10.3390/su14084762 - 15 Apr 2022
Viewed by 1903
Abstract
This article aimed to quantify the impact of United States (US) trade policies and assess how changes in tariff margins will affect imports to the US. To do that, we estimated trade elasticities by sector using a gravity structural model, computed US preference [...] Read more.
This article aimed to quantify the impact of United States (US) trade policies and assess how changes in tariff margins will affect imports to the US. To do that, we estimated trade elasticities by sector using a gravity structural model, computed US preference margins on a bilateral basis, and investigated alternative scenarios for properly measuring the effects of US trade agreements on international trade. Results showed that the removal of all preferences might lead to a negative net effect of $41,202 million (2% of predicted trade), indicating that the actual US structure of tariffs generates a trade diversion to less efficient exporters and destroys trade flows, even if the impact differs by sector. Full article
(This article belongs to the Special Issue Sustainability in Firm Internationalization and International Trade)
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30 pages, 1838 KiB  
Article
Sustaining International Trade with China: Does ACFTA Improve ASEAN Export Efficiency?
by Antonio Alleyne, Zhaoyong Zhang and Yifei Mu
Sustainability 2020, 12(15), 6159; https://doi.org/10.3390/su12156159 - 30 Jul 2020
Cited by 14 | Viewed by 6071
Abstract
The business of international trade has never been identified as zero-sum. Yet, dependence on regional agreements to provide alternate means for countries to overlook shortcomings persists. China’s recent rise up the trade value-chain has fostered an assumption that the regional agreement provides various [...] Read more.
The business of international trade has never been identified as zero-sum. Yet, dependence on regional agreements to provide alternate means for countries to overlook shortcomings persists. China’s recent rise up the trade value-chain has fostered an assumption that the regional agreement provides various advantages to exports from Association of Southeast Asian Nations (ASEAN) member countries. This paper provides an empirical assessment of the ASEAN-China Free Trade Area (ACFTA) impact on ASEAN export efficiency into the Chinese market, in pre and post eras. Using a structured gravity approach to estimate potential export pattern at aggregate and industry level, this research indicates that though not consistent across years, the ACFTA offers improvements to ASEAN exports to China. No clear effects of the ACFTA can be extrapolated from the years surrounding the initial signing (Article 8—2004). However, following its full enactment (2010), the ACFTA resulted in more sustainable trade from ASEAN members towards China, at both the industry and country levels. While seeing improvements in export efficiency during its era, ACFTA’s facilitation of efficiency measures with China came at no expense to other major export destinations. Full article
(This article belongs to the Special Issue Sustainability in Firm Internationalization and International Trade)
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16 pages, 462 KiB  
Article
Strategic Decisions to Enhance the Internationalization of the Performing Arts and Their Sustainability: The Case of Flamenco
by María-Angeles Rastrollo-Horrillo
Sustainability 2020, 12(9), 3718; https://doi.org/10.3390/su12093718 - 4 May 2020
Cited by 4 | Viewed by 3158
Abstract
Determining how to operate in foreign markets is challenging for the performing arts (PA) because the particular nature of their activities necessarily entails sustainable complexities. This study aims to extend understanding of the internationalization of PA to shed light on the strategic decisions [...] Read more.
Determining how to operate in foreign markets is challenging for the performing arts (PA) because the particular nature of their activities necessarily entails sustainable complexities. This study aims to extend understanding of the internationalization of PA to shed light on the strategic decisions adopted by cultural agents to achieve an economic and cultural objective—generating international income while ensuring the symbolic value of cultural products rooted in local values. A longitudinal empirical case of one leading enterprise in international flamenco production with a successful history in international markets is reported here, and in-depth insights into four strategic decisions that can boost the sustainable internationalization of PA are gained: why (motivations), what (product), where (market selection), and how (entry modes). The results have theoretical and practical implications for a cultural sector with few examples of internationalization that is seeking for international markets to become sustainable while being subject to public financing cuts, strong competition, and globalization. The important role of intermediaries in bridging the gaps between different actors of the PA value chain and in assuring sustainable cultural management of the internationalization process is also identified. Full article
(This article belongs to the Special Issue Sustainability in Firm Internationalization and International Trade)
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