Abstract
The last two decades have been marked by devastating global challenges
that threaten the international problem-solving activities of
intergovernmental organizations (IGOs), which have guided global
interactions for decades. They offer collective actions by member
countries, but come with pressures to create and sustain integrative IGO
policies implemented by all members. If these globally focused IGO
policies (supranational institutions) misalign with related
country-focused national policies (national institutions), an
institutional schism exists. We study different levels of institutional
schisms and their impact on member countries and national/international
business environments. Building on institutional theory/new
institutional economics and insights from political science, we
conceptualize the different levels of schisms based on the strength of a
member country’s national institutions and the degree of compliance
with IGO-specific national and supranational institutions. The developed
concept allows identifying the impact of IGOs on countries and the
global business environment, which is critical for policymakers and
practitioners alike.
Original language | English |
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Journal | Journal of International Business Policy |
Volume | 6 |
Pages (from-to) | 141-158 |
Number of pages | 18 |
ISSN | 2522-0691 |
DOIs | |
Publication status | Published - 2021 |
Externally published | Yes |
Keywords
- Conceptualization
- Europe
- Global institutions
- Institutional schisms
- Institutional theory
- Intergovernmental organizations