Escape FDI - stress strain failure SRO.pdf (430.86 kB)
Escape FDI and the dynamics of a cumulative process of institutional misalignment and contestation: stress, strain and failure
journal contribution
posted on 2023-06-09, 12:35 authored by Helena Barnard, John Da Silva LuizJohn Da Silva LuizWe argue that escape foreign direct investment (FDI) happens when unknown future “rules of the game” cause concern about the continued productive capacity of the economy. Adapting the stress-strain-fail model of materials failure, we argue that escape FDI is a process with three cumulative phases. Conditions for escape FDI (stress) are created by institutional deterioration and contained contestation. Limited escape FDI (strain) results from periods of societal instability and/or inadequate institutional reforms. Extensive escape FDI (failure) results from pervasive societal instability and/or fundamental changes in institutions. Using a historical approach, we develop these propositions for South Africa, 1956 to 2012.
History
Publication status
- Published
File Version
- Accepted version
Journal
Journal of World BusinessISSN
1090-9516Publisher
ElsevierExternal DOI
Issue
5Volume
53Page range
605-619Department affiliated with
- Strategy and Marketing Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2018-03-22First Open Access (FOA) Date
2019-09-29First Compliant Deposit (FCD) Date
2018-03-22Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC