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Questions and Answers
What is the definition of global governance?
What is the definition of global governance?
- A purposeful order emerging from institutions and processes to provide global public goods. (correct)
- A strict set of laws enforced without exception.
- An informal agreement among local businesses.
- A unilateral action taken by powerful nations.
In the context of geopolitical realism, what is a potential consequence of weak government institutions?
In the context of geopolitical realism, what is a potential consequence of weak government institutions?
- Firms taking on tasks typically managed by governments. (correct)
- Firms becoming less politically active.
- Increased international cooperation.
- Reduction in corporate lobbying efforts.
How does U.S.-China rivalry potentially impact global governance?
How does U.S.-China rivalry potentially impact global governance?
- It can reduce collective actions for global public goods due to hegemonic rivalry. (correct)
- It has no significant effect on global governance.
- It fosters stronger international agreements.
- It leads to greater global public good provision.
Which of the following describes a nonmarket strategy in global governance?
Which of the following describes a nonmarket strategy in global governance?
What is a challenge in global governance as mentioned in the discussed research?
What is a challenge in global governance as mentioned in the discussed research?
What is a primary reason firms must engage in corporate diplomacy in the current geopolitical landscape?
What is a primary reason firms must engage in corporate diplomacy in the current geopolitical landscape?
How is the nature of the U.S.-China rivalry described in relation to global governance?
How is the nature of the U.S.-China rivalry described in relation to global governance?
What does the term 'liability of origin' refer to in the context of corporate diplomacy?
What does the term 'liability of origin' refer to in the context of corporate diplomacy?
In the context of geopolitical realism, what primary challenge does the rise of China present?
In the context of geopolitical realism, what primary challenge does the rise of China present?
What is a significant nonmarket strategy firms might adopt in response to government priorities?
What is a significant nonmarket strategy firms might adopt in response to government priorities?
What role does active corporate diplomacy play in a geopolitically realistic world?
What role does active corporate diplomacy play in a geopolitically realistic world?
Which of the following factors contributes to the U.S. Government's perception of China?
Which of the following factors contributes to the U.S. Government's perception of China?
What can be deemed a challenge firms face at the multilateral level?
What can be deemed a challenge firms face at the multilateral level?
What does corporate diplomacy primarily involve in the context of multinational enterprises (MNEs)?
What does corporate diplomacy primarily involve in the context of multinational enterprises (MNEs)?
Which statement about geopolitical realism is true regarding multinational enterprises?
Which statement about geopolitical realism is true regarding multinational enterprises?
How does the U.S.-China rivalry affect multinational enterprises?
How does the U.S.-China rivalry affect multinational enterprises?
What is a significant challenge faced by MNEs under the influence of geopolitical realism?
What is a significant challenge faced by MNEs under the influence of geopolitical realism?
What role do international partnerships play for MNEs in a setting influenced by geopolitical realism?
What role do international partnerships play for MNEs in a setting influenced by geopolitical realism?
What is the primary factor influencing the liability of origin (LOR) for MNEs in China?
What is the primary factor influencing the liability of origin (LOR) for MNEs in China?
Why is aligning with national security priorities important for MNEs under geopolitical realism?
Why is aligning with national security priorities important for MNEs under geopolitical realism?
What can MNEs do to effectively exercise corporate diplomacy in challenging geopolitical environments?
What can MNEs do to effectively exercise corporate diplomacy in challenging geopolitical environments?
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Study Notes
Global Governance and Corporate Diplomacy
- Global governance is about establishing global rules and providing public goods.
- Global governance involves formal and informal agreements that transcend national boundaries.
Global Governance Gaps and Corporate Diplomacy
- Companies become more politically active when government institutions are weak.
- The rise of China has significantly impacted the geopolitical order.
- The US-China rivalry creates unique challenges for corporations navigating global governance gaps.
Global Diplomacy in a Geopolitical Realism World
- International rivalries and realism-based diplomacy are crucial to understand global governance gaps.
- The “Kindleberger Trap” describes how hegemonic rivalry can hinder global public goods provision.
- Companies must navigate contradictory stakeholder pressures, liability of origin, and national security priorities.
Table 2: Corporate Diplomacy Issues Under Geopolitical Realism
- Multilateral Level: US-China rivalry aggravates global governance gaps, posing challenges for companies' compliance with national security concerns and fundamental value differences.
- Bilateral Level: Companies must navigate compliance with either rival nation or a compromise approach.
- Host Country: Companies face increased legitimacy challenges due to their origin, particularly in the US-China context.
- Home Country: Alignment with national security priorities is crucial for companies, influencing their interaction with home country governments.
Key Entities
- WTO (World Trade Organization): A formal agreement between nation-states for global trade regulation.
- NATO (North Atlantic Treaty Organization): A formal agreement between nation-states for collective defense.
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