Call for Papers 2

Call for Papers for a Special Issue in the Thunderbird International Business Review

THE INFLUENCE OF COOPERATION BETWEEN MARKET AND CENTRALLY PLANNED

ECONOMIES THROUGH FOREIGN DIRECT INVESTMENT

Submission Deadline:

Guest Editors:

Pervez N. Ghauri, King’s College, UK
Byung Il Park, Hankuk University of Foreign Studies, South Korea

Purpose and Research Questions:

Despite the recent economic slump and subsequent reductions and fluctuations of investment activities
undertaken by multinational enterprises (MNEs) in host markets, the overall volume of foreign direct
investment (FDI) has significantly grown over the last three decades. Within this, an enormous proportion
of FDI flows from market to centrally planned economies with the latter currently receiving huge
amounts of inward FDI from the West. A representative example of this flow is China.
A more direct example that clearly demonstrates the cooperation between market and centrally planned
economies through foreign investments can be found in the Korean case. Based on mutual agreements
between South (market economy) and North (centrally planned economy) Korean governments, South
Korea established an industrial complex through FDI in Gaesung, North Korea. A number of South
Korean MNEs participated in the project in order to exploit their capital and technology in combination
with North Korea’s cheap labor force.

However, we do not know enough about how the cooperation between market and centrally planned
economies through FDI influences political, economic, social and cultural areas and the extent to which
it affects other issues yet. In this regard, the aim of this special issue is to bring together advancements
examining the impact of FDI from disparate economies. We seek papers that may address, but are not
limited to, the following list of potential research questions:

• Does FDI from countries with market economies trigger economic growth in countries with
centrally planned economies? How does FDI from the former function as a vehicle to enhance
economic development in the latter?

• Who obtains more benefits from FDI between countries with market economies and countries
with centrally planned economies?

• Between countries with market economies and countries with centrally planned economies are
there any different patterns of economic development through FDI undertaken by idiosyncratic
entities?

• What are the key factors promoting positive spillover effects of FDI in centrally planned
economies?

• What are the primary conditions that inhibit the negative economic outcomes from inward FDI
particularly in countries with centrally planned economies?

• How do MNEs from countries with market economies contribute to social evolution, particularly
in countries with centrally planned economies?

• What is the effect of profit remittance by MNEs from countries with market economies on
centrally planned economies? What encourages MNEs from countries with market economies to
re-invest profits in centrally planned markets?

• Does foreign investment induce political transitions and institutional changes in countries with
centrally planned economies?

• What is the extent to which MNEs from countries with market economies influence cultural
evolution in countries with centrally planned economies?

• Are market economies influenced by outward investments into countries with centrally planned
economies to some extent? Which areas can be affected by FDI?

• Does the economic cooperation between market and centrally planned economies through FDI
affect national images?

Submission Instructions:
The deadline for submissions is December 31, 2014. For style and submission guidelines please visit the
Thunderbird International Business Review website at: tibr.thunderbird.edu/submission and click
on the appropriate links for instructions.

All submissions will be subject to the regular double-blind peer review process at the Thunderbird
International Business Review. The guest editors are seeking reviewers for this issue and are soliciting
nominations and volunteers to participate as reviewers. Please contact the guest editors to volunteer or
nominate a reviewer.

More Information:
To obtain additional information, please contact the guest editors:

Pervez N. Ghauri, King’s College London, UK (pervez.ghauri@kcl.ac.uk))
Byung Il Park, Hankuk University of Foreign Studies, South Korea (leedspark@hufs.ac.kr)