The last frontier of globalization: Trade and foreign direct investment in healthcare

Internationalizing far later than other sectors, healthcare has seen trade and foreign direct investment (FDI) grow in recent years. While part of the service economy, healthcare has unique features that distinguish it from other service sectors and imprint on its globalization and spillover pattern...

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Detalles Bibliográficos
Autores principales: Shenkar, Oded, Liang, Guoyong, Shenkar, Rakefet
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Palgrave Macmillan UK 2021
Materias:
Point
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8127485/
https://www.ncbi.nlm.nih.gov/pubmed/34024955
http://dx.doi.org/10.1057/s41267-021-00439-w
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author Shenkar, Oded
Liang, Guoyong
Shenkar, Rakefet
author_facet Shenkar, Oded
Liang, Guoyong
Shenkar, Rakefet
author_sort Shenkar, Oded
collection PubMed
description Internationalizing far later than other sectors, healthcare has seen trade and foreign direct investment (FDI) grow in recent years. While part of the service economy, healthcare has unique features that distinguish it from other service sectors and imprint on its globalization and spillover patterns. In this paper, we review the trends in healthcare internationalization, its drivers, and the obstacles standing in the way. We outline the special characteristics of the healthcare sector and how they affect the positive and negative spillovers from trade and FDI for home and host-countries. Implications for international business theory, research, and policy are delineated.
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spelling pubmed-81274852021-05-18 The last frontier of globalization: Trade and foreign direct investment in healthcare Shenkar, Oded Liang, Guoyong Shenkar, Rakefet J Int Bus Stud Point Internationalizing far later than other sectors, healthcare has seen trade and foreign direct investment (FDI) grow in recent years. While part of the service economy, healthcare has unique features that distinguish it from other service sectors and imprint on its globalization and spillover patterns. In this paper, we review the trends in healthcare internationalization, its drivers, and the obstacles standing in the way. We outline the special characteristics of the healthcare sector and how they affect the positive and negative spillovers from trade and FDI for home and host-countries. Implications for international business theory, research, and policy are delineated. Palgrave Macmillan UK 2021-05-17 2022 /pmc/articles/PMC8127485/ /pubmed/34024955 http://dx.doi.org/10.1057/s41267-021-00439-w Text en © Academy of International Business 2021 This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Point
Shenkar, Oded
Liang, Guoyong
Shenkar, Rakefet
The last frontier of globalization: Trade and foreign direct investment in healthcare
title The last frontier of globalization: Trade and foreign direct investment in healthcare
title_full The last frontier of globalization: Trade and foreign direct investment in healthcare
title_fullStr The last frontier of globalization: Trade and foreign direct investment in healthcare
title_full_unstemmed The last frontier of globalization: Trade and foreign direct investment in healthcare
title_short The last frontier of globalization: Trade and foreign direct investment in healthcare
title_sort last frontier of globalization: trade and foreign direct investment in healthcare
topic Point
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8127485/
https://www.ncbi.nlm.nih.gov/pubmed/34024955
http://dx.doi.org/10.1057/s41267-021-00439-w
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