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Titlebook: Global Business in Local Culture; The Impact of Embedd Philipp Aerni Book 2018 The Author(s), under exclusive license to Springer Nature Sw

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Andreas Meister,Jens Struckmeierhe Cold War period to the contemporary narratives that unite anti-globalization movements today. They have in common a tendency to reduce the complexity of local stories to timeless motives and stereotypes associated with different actors that are either in favor or against the ‘good cause’.
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S. Bianchini,B. Hanouzet,R. Natalinil cultures and economies. The chapter illustrates how foreign investors address these coordination problems by building up a local ecosystem in which they can operate effectively, according to the theory of economic complexity. Through their commitment to local embeddedness MNEs are able to build up
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Fundamental Concepts and Examplesrnative to the originally very repressive system of feudalism. FDI in low-income countries faces similar challenges today. However, MNEs that are willing to embed themselves into the local economy in a responsible way may contribute more to economic empowerment, inclusive growth and sustainable chan
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https://doi.org/10.1007/978-3-642-11105-1s contribute to enhanced access to essential human rights. As such they highlight the shortcomings of the UN Guiding Principles on Business and Human Rights (UNGP) that frame FDI primarily as a potential risk to local human rights.
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Book 2018enges popular narratives in civil society and academia that frame foreign direct investment (FDI) merely as a threat to human rights and sustainable development. Moreover, it offers practical guidance for globally operating businesses seeking to establish progressive Corporate Social Responsibility (CSR) strategies of their own..
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Book 2018me countries. By balancing external social and environmental costs against its corresponding benefits, the book demonstrates that MNEs can have a positive net-impact on local development if they build up social capital by embedding themselves in local economies and engaging responsibly with local st
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