Influences of COVID-19 on the changing perception of strategic industries globally: Implications for International Business

Ahmad Arslan, Zaheer Khan, Minnie Kontkane, Shlomo Tarba

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This chapter analyzes the influences and implications of ongoing global pandemic caused by COVID19 on strategic industries. We offer a conceptual overview of the role of strategic industries and how their role and perceptions change during the time of crises. This is followed by specific discussion on COVID-19, and how it has influenced perception of strategic industries globally. The chapter specifically offers practical examples from industries like agriculture, healthcare equipment manufacturing and pharmaceutical sectors, along with others, in relation to the COVID-19 crisis. We also bring into the discussion of increased restrictiveness and sentiments of nationalism being pushed globally in strategic industries by the governments. We further link this discussion with their potential influences on the operations of firms operating internationally (particularly multinational enterprises and their global value chains). Finally, the chapter draws out key theoretical and practical implications
specific to international business scholarship.
Original languageEnglish
Title of host publicationCovid-19 and International Business
EditorsM. Marinova, S. Marinova
PublisherRoutledge Taylor & Francis Group
Publication statusAccepted/In press - 6 Jul 2020

Keywords

  • COVID-19
  • International Business
  • Strategic Industries
  • Protectionism
  • Nationalism

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  • Cite this

    Arslan, A., Khan, Z., Kontkane, M., & Tarba, S. (Accepted/In press). Influences of COVID-19 on the changing perception of strategic industries globally: Implications for International Business. In M. Marinova, & S. Marinova (Eds.), Covid-19 and International Business Routledge Taylor & Francis Group.