Department of International Economics and Management
INT´s mission is to increase the knowledge in international economics and management about major challenges associated with the emerging new global economic order and to support business and society in overcoming and exploiting their related challenges and opportunities including:
- Continuing globalization, as expressed in increasing trade, FDI, and migration
- Emerging markets catching up with developed economies in terms of institutional quality, production and technology, leading to:
- Increasing competition from emerging economies. They are highly price competitive and at the same time they are catching up on productivity, quality and innovative capacity
- Increasing competition on the exploitation of the global opportunities for acquisitions, alliances, sourcing, and developing markets
The department name: International Economics and Management signals both the international perspective and emphasis on economics and our focus on management issues. International economics and international business are core research areas of INT. We emphasize the need for contextual analyses of the relevant countries, regions, or the global settings. We need a holistic understanding of the economy including analyses of the political, institutional and cultural context.
The core research and teaching areas are: international economics, international business, emerging markets, Asian studies, international corporate governance and leisure and culture services:
International Economics. INT does research in the overall globalization process and the new global economic order: The interaction between developed and emerging economies, the link between the world economy and the macro economy in specific countries like China or India or a group of countries like EU, international governance, international capital markets, etc. We analyze both the developed and the emerging economies and their interaction.
International Business, IB, relates to all cross-border business activities, including international trade, investment and knowledge dissemination. It covers not only issues related to the organization, management, and strategic orientation of international firms - including relations between headquarters and subsidiaries and IB and innovation - the creation, exploitation, transfer and dissemination of technical and managerial knowledge within multinational firms. It also covers the political, institutional, cultural, and economic conditions, which affect and are affected by these firms. The complexity of these issues encourages interdisciplinary, multi-method approaches.
Emerging Markets. Our research in emerging markets is closely connected to international business and international economics. We focus on IB challenges in emerging markets e.g. in relation to entry, innovation, competition, relation to local authorities etc. This includes research on the political, institutional, cultural, and economic developments in these markets. The research can be focused on a specific country or have a comparative approach comparing different emerging markets and we do studies comparing developed and emerging markets. The international economic aspects focus on the role of emerging markets in the global economy.
Asian Studies. The globalization process has been heavily shaped and influenced by the economic rise of India and China. China and India are central to the global value chains and key concepts in the globalization debate, such as off-shoring and outsourcing simply cannot be discussed without referring to these countries. Japan is the world’s third largest economy. Japanese investments in the region play a crucial role, and have contributed to the industrial take-off, which currently takes place in most Southeast Asian regions. Research within Asian Studies is based on cross-disciplinary, national and cross-regional studies in order to provide reliable analysis on current political, economic and social developments in the Asian region, focusing especially on China, Japan, India and Southeast Asia.
International Corporate Governance. Governance is ”the direction and control” of companies, nation states and international organizations. At the macro level the rise of the emerging economies in the new world has given rise to a battle of systems in which Chinese State Capitalism, the Anglo-American market model, Indian style family business and a host of other models compete for supremacy. While convergence to the market model was more or less taken for granted before the financial crisis, the outlook today is much more uncertain given increased role for governments through nationalization, regulation and policy intervention. At the micro level, institutional advantages have become paramount for global competitiveness. Companies adopt alternative styles of corporate governance through differences in ownership, board structures, incentive systems and company law.
Leisure and Culture services such as tourism, entertainment, heritage and the arts have a growing weight in the global economy. Our leisure and culture services research addresses some pertinent and emerging issues, including the commercialization of culture and impact on society (e.g. in heritage tourism), responsible leisure consumption (e.g. sustainably practices in travels), private-public partnership in cultural policies (e.g. art philanthropy) and work-leisure separation (e.g. the penetration of social media in everyday life). Acknowledging that the leisure and culture services field of research is wide and ambiguous, INT focuses on global issues relevant to society, practice communities and education programs at CBS.
INT research areas are to a high degree overlapping and we constantly exploit and develop the synergies between them. Asia studies overlaps with emerging markets. We are not a department of International business, but IB aspects are emphasized in much of our research. The corporate governance research includes important overlaps to international business in relation to the development and effects of FDI, foreign ownership, internationalization of boards, international market for top-managers etc. Changes in corporate governance especially in relation to ownership changes from state to different types of private ownership has been a main drivers for the change in institutions in emerging markets mobilizing resources for high growth.
Publications and academic quality
Our research output is mainly based on articles in academic journals or edited scientific books (anthologies) or academic books (monographs). The journals and publishing houses are rated after academic standing and impact, and we can to a certain degree use these ratings and impacts measures including the number of citations – Google Scholar and SSCI as indicators for research quality. However, we are aware that there are certain rigidities in the established academic circles and new innovative ideas breaking with mainstream theories often appear in new relatively low rated journals. Narrow focus on publications in a limited number of academic top journals may create a bias of an introvert academic community with little value to society. Thus, when measuring our research productivity and quality the traditional academic “bean counting” must be combined with other measures such as direct assessments by peers (e.g. in recruitment committees) and by the measuring stick of impact and relevance for business and society.
Overall we use the list of journals and the rating of publishing houses given by the Ministry (BFI), and we encourage our researchers to publish in the highest ranking journals within their relevant field as measured also in UTD, FT and ABS as given in the CBS standards. However, these lists are focused on traditional economics and management themes and INT covers also research areas outside the narrow core of Business Schools. At the same time, different research groups and disciplines have different measures and weight on e.g. academic articles versus books