Reassessing the Impact of the 2008 Financial Crisis on Global Foreign Direct Investment: Empirical Evidence and Theoretical Implications

Abstract

The chapter (re)assesses the impact of the 2008 financial crisis on global foreign direct investment (FDI). Based on updated data and renewed analyses, the author explores the crisis’ overall effects on global FDI flows, the different consequences on developed and developing countries, and the subsequent rise of emerging economies as both recipients and sources of FDI. Implications for policy and international business theory are delineated. By so doing, the author extends the theoretical and empirical studies on FDI determinants to the global level and provides lessons that are particularly useful against the backdrop of the COVID-19 pandemic.

Citation

Liang, G. (2022), "Reassessing the Impact of the 2008 Financial Crisis on Global Foreign Direct Investment: Empirical Evidence and Theoretical Implications", van Tulder, R., Verbeke, A., Piscitello, L. and Puck, J. (Ed.) International Business in Times of Crisis: Tribute Volume to Geoffrey Jones (Progress in International Business Research, Vol. 16), Emerald Publishing Limited, Leeds, pp. 341-352. https://doi.org/10.1108/S1745-886220220000016017