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Globalization

See the latest research, articles and faculty on the Globalization Area of Expertise at Columbia Business School.

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Latest on Globalization

Capital Markets and Investments, Elections, Globalization, Leadership
Date
January 21, 2025
President Donald Trump
Capital Markets and Investments, Elections, Globalization, Leadership

Understanding Trump’s Policies on Trades: Insights on Tariffs, Mexico, Canada, and China

Trump's policies on tariffs with Mexico, Canada, and China could reshape U.S. trade relations. CBS experts explore how his executive orders may impact the economy.
  • Read more about Understanding Trump’s Policies on Trades: Insights on Tariffs, Mexico, Canada, and China about Understanding Trump’s Policies on Trades: Insights on Tariffs, Mexico, Canada, and China
Climate and Policy, Economics and Policy, Elections, Faculty Views, Politics, Tax Policy, World Business
Date
January 15, 2025
President Donald Trump
Climate and Policy, Economics and Policy, Elections, Faculty Views, Politics, Tax Policy, World Business

How Trump’s Second Term Could Reshape Business Strategy: Tariffs, Tax Cuts, and Climate Policy

The new president's proposed policies are poised to reshape the business landscape. Columbia Business School experts break down what leaders need to know about Trump's second term. 
  • Read more about How Trump’s Second Term Could Reshape Business Strategy: Tariffs, Tax Cuts, and Climate Policy about How Trump’s Second Term Could Reshape Business Strategy: Tariffs, Tax Cuts, and Climate Policy
Climate and Policy, Climate and Solutions, Climate and Sustainability
Date
December 20, 2024
Wopke Hoekstra, the European Union’s Commissioner for Climate Action
Climate and Policy, Climate and Solutions, Climate and Sustainability

Bizcast: EU’s Wopke Hoekstra Calls for Urgent Climate Action

Listen to the European Union’s Commissioner for Climate Action discuss the solutions and challenges on his agenda as he embarks on a new five-year term. 
  • Read more about Bizcast: EU’s Wopke Hoekstra Calls for Urgent Climate Action about Bizcast: EU’s Wopke Hoekstra Calls for Urgent Climate Action
Economics and Policy, Ethics and Leadership, Future of Work, Labor, Management, The Workplace
Date
December 03, 2024
US immigration document
Economics and Policy, Ethics and Leadership, Future of Work, Labor, Management, The Workplace

Give Us Your Tired, Your Poor … and Your High-Skilled!

New research by Columbia Business School faculty shows how increasing the number of high-skilled immigrants can spur regional entrepreneurship and economic growth without the cost of other economy-boosting strategies.
  • Read more about Give Us Your Tired, Your Poor … and Your High-Skilled! about Give Us Your Tired, Your Poor … and Your High-Skilled!
Elections, World Business
Date
October 28, 2024
Illustration of US-China trade
Elections, World Business

US and China Trade: What Voters Need to Know Before Heading to the Polls

With tariffs driving up prices and threatening corporate growth, voters need to understand the real economic stakes of US and China trade policies, says Professor David Weinstein.
  • Read more about US and China Trade: What Voters Need to Know Before Heading to the Polls about US and China Trade: What Voters Need to Know Before Heading to the Polls
Business and Society
Type
CJEB
Date
June 04, 2024
Business and Society
Japan Center News

Panel II: The Future of the Global Trading Systemパネル Il: 国際貿易システムの今後

「グローバルな課題解決への挑戦~『AI』『イノベーション』『金融政策」『国際貿易』~」主催:コロンビア大学ビジネススクール 日本経済経営研究所、共催:株式会社日本政策投資銀行 2024 CJEB Annual Tokyo Conference Navigating Global Challenges: AI, Innovation, Monetary Policy, and Trade Tuesday, June 4, 2024, 1:15 – 6:30 PM Japan Time Presented by Center on Japanese Economy and Business, Columbia Business School Co-sponsored by the Development Bank of Japan Inc. Panel II: The Future of the Global Trading System Panelists: Laura Alfaro, Warren Alpert Professor of Business Administration, Harvard Business School Bernard Hoekman, Professor, European University Institute Fukunari Kimura, Senior Professor, Keio University Alan Wm. Wolff, Distinguished Visiting Fellow, Peterson Institute for International Economics; Former Deputy Director-General, World Trade Organization (WTO) Moderator: David Weinstein, Director, Center on Japanese Economy and Business (CJEB), Columbia Business School (CBS) パネル Il: 国際貿易システムの今後  パネリスト:  ローラ・アルファーロ ハーバードビジネススクール 経営学教授 アラン・ウィリアム・ウルフ ピーターソン国際経済研究所 卓越客員フェロー、世界貿易機関(WTO) 元事務局次長 木村福成 慶應義塾大学 シニア教授   ベルナード・ホークマン 欧州大学研究所 教授 司会:デイビッド・ワインスタイン コロンビア大学ビジネススクール 日本経済経営研究所 所長
  • Read more about Panel II: The Future of the Global Trading Systemパネル Il: 国際貿易システムの今後 about Panel II: The Future of the Global Trading Systemパネル Il: 国際貿易システムの今後
Economics and Policy, Elections, Entrepreneurship and Innovation, Leadership and Strategy, Politics, Social Enterprise
Type
Business and Society
Date
February 29, 2024
Economics and Policy, Elections, Entrepreneurship and Innovation, Leadership and Strategy, Politics, Social Enterprise

Lessons from Bridging the American Divides

Amid unprecedented polarization, business leaders must foster constructive dialogue.
  • Read more about Lessons from Bridging the American Divides about Lessons from Bridging the American Divides
Finance and Economics, Labor, Leadership and Strategy, Strategy, World Business
Date
December 12, 2023
Abby Joseph Cohen
Finance and Economics, Labor, Leadership and Strategy, Strategy, World Business

Could 2024 Be the Year of the Recession?

Slowing economic economic growth and a cooling labor market may be a cause for concern, according to CBS Professor Abby Joseph Cohen.
  • Read more about Could 2024 Be the Year of the Recession? about Could 2024 Be the Year of the Recession?

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Globalization Faculty

Photo of Prof. Tommaso Porzio

Tommaso Porzio

Daniel W. Stanton Associate Professor of Business
Economics Division
Joseph Stiglitz

Joseph Stiglitz

Professor
Economics Division
Professor
Heilbrunn Center for Graham and Dodd Investing
Executive Director and Co-founder
Initiative for Policy Dialogue
Nicole DeHoratius

Nicole DeHoratius

Professor of Professional Practice in the Faculty of Business
Decision, Risk, and Operations Division
Faculty Director, Sustainable Operations Initiative, Tamer Institute for Social Enterprise and Climate Change.
Tamer Institute for Social Enterprise and Climate Change
Brett House

Brett House

Professor of Professional Practice in the Faculty of Business
Economics Division
Bolong Li

Bolong Li

Lecturer in Business
Marketing Division
Frederic Mishkin

Frederic Mishkin

Alfred Lerner Professor of Banking and Financial Institutions
Economics Division
Photo of Professor Geert Bekaert

Geert Bekaert

Professor of Business
Finance Division
Abby Cohen

Abby Cohen

Professor of Business
Economics Division
President, Global Markets Institute and Senior Investment Strategist
Goldman Sachs
Stephan Meier

Stephan Meier

James P. Gorman Professor of Business
Management Division
Dan Wang

Dan Wang

Lambert Family Professor of Social Enterprise in the Faculty of Business
Management Division
Co-Director of the Tamer Institute for Social Enterprise and Climate Change
Tamer Institute for Social Enterprise and Climate Change
David E. Weinstein

David Weinstein

Professor (by courtesy)
Finance Division
Director
Center on Japanese Economy and Business
Photo Image of Pierre Yared

Pierre Yared

MUTB Professor of International Business
Economics Division
Co-Director
Richard Paul Richman Center for Business, Law, and Public Policy at Columbia University

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CBS Faculty Research on Globalization

The Green Key to Germany’s Economic Recovery

Authors
Gernot Wagner
Date
May 16, 2025
Format
Newspaper/Magazine Article
Publication
Project Syndicate

Just as the broader European economy depends heavily on Germany, the continent's industrial powerhouse, Germany's own economy depends on access to affordable power. With geopolitical and climate conditions requiring an urgent transition to renewables, the task now is to develop a politically viable energy strategy.

Read More about The Green Key to Germany’s Economic Recovery

Taking A Stand While Abroad? Towards A Theory of MNCs' Sociopolitical Activism in Host Countries

Authors
Ishva Minefee and Lori Yue
Date
May 8, 2025
Format
Journal Article
Journal
Journal of International Business Studies

With multinational corporations (MNCs) increasingly taking public stances on sociopolitical issues such as immigration, LGBTQ+ rights, and racism, it is imperative that International Business (IB) research keeps pace with normative societal debates. In this paper, we introduce the concept of corporate sociopolitical activism (SPA) to the IB literature and develop theory on why MNCs consistently or inconsistently engage in SPA in response to the same issue in their home country and a host country.

Read More about Taking A Stand While Abroad? Towards A Theory of MNCs' Sociopolitical Activism in Host Countries

Do Disruptive Startups Attract Better Talent? Evidence from a Hiring Field Experiment in India

Authors
Nina Teng, Nataliya Wright, and Olenka Kacperczyk
Date
April 26, 2025
Format
Working Paper

We examine how a startup's strategic positioning—specifically, whether it communicates a disruptive or collaborative stance toward incumbents—affects its ability to attract talent. Although prior research has examined how this positioning influences investors, its impact on potential employees remains less clear. We conduct a field experiment with an early-stage climate technology startup in India, randomly assigning job seekers to a disruptive or collaborative positioning condition.

Read More about Do Disruptive Startups Attract Better Talent? Evidence from a Hiring Field Experiment in India

CSR as Hedging Against Institutional Transition Risk: Corporate Philanthropy After the Sunflower Movement in Taiwan

Authors
Yishu Cai, Lori Yue, Fangwen Lin, Shipeng Yan, and Haibin Yang
Date
April 16, 2025
Format
Journal Article
Journal
Administrative Science Quarterly

Firms with political connections to a regime with an authoritarian history face a dilemma when the regime undergoes a democratic transition. Such connections provide an essential competitive advantage when the regime is in power but become a liability when an institutional transition brings democratic change. This study theorizes that when mass protests expose a regime’s distorted policies favoring elites over others and signal a high probability of regime turnover, firms may hedge against the risks associated with their political connections by engaging in philanthropy.

Read More about CSR as Hedging Against Institutional Transition Risk: Corporate Philanthropy After the Sunflower Movement in Taiwan

Strategic Targeting and Unequal Global Adoption of Artificial Intelligence

Authors
Dafna Bearson and Nataliya Wright
Date
April 11, 2025
Format
Working Paper

Why do frontier technologies like artificial intelligence (AI) diffuse unequally across geographies? While prior work attributes this trend to demand-side factors like complementary assets, we theorize that technology entrepreneurs' strategic choice to target hub markets creates search frictions for firms outside of those markets, contributing to lower technology adoption.

Read More about Strategic Targeting and Unequal Global Adoption of Artificial Intelligence

Taxing Universities

Authors
Shivaram Rajgopal
Date
March 14, 2025
Format
Newspaper/Magazine Article
Publication
Forbes
Columbia professor warns that taxing university endowments and cutting research funding will cripple basic research, erode US competitive advantage against China, and ultimately harm innovation that drives private sector growth.
Read More about Taxing Universities

The folly of America’s R&D cuts

Authors
R. Glenn Hubbard
Date
March 10, 2025
Format
Newspaper/Magazine Article
Publication
Financial Times
Trump administration cuts to federal R&D funding contradict growth objectives; research shows every $1 in public R&D generates $2 in economic output, making these cuts counterproductive to innovation and productivity.
Read More about The folly of America’s R&D cuts

VoxDevLit on Foreign Direct Investment

Authors
Laura Boudreau
Date
February 12, 2025
Format
Journal Article
Journal
VoxDev

Multinational enterprises are at the centre of policy debates in low- and middle-income countries. As some of the most productive and innovative firms in the world, which are at the core of global supply chains, multinational enterprises (MNEs) can accelerate development in the countries hosting them, both directly with their presence, and indirectly through linkages to local economic actors.

Read More about VoxDevLit on Foreign Direct Investment

Foreign Direct Investment and Development

Authors
Stefania Garetto, Nina Pavcnik, Natalia Ramondo, Vanessa Alviarez, Jingting Fan, Nitya Pandalai-Nayar, Nicola Limodio, Isabela Manelici, Nicolas Morales, Evangelina Dardati, Ezequiel Garcia-Lembergman, Grace Weishi Gu, Galina Hale, David Hémous, Ralf Martin, Farid Farrokhi, Heitor S. Pellegrina, Pierre-Louis Vézina, Laura Boudreau, and Jose P. Vasquez
Date
February 12, 2025
Format
Journal Article
Journal
VoxDevLit

Multinational enterprises are at the centre of policy debates in low- and middle-income countries. As some of the most productive and innovative firms in the world, which are at the core of global supply chains, multinational enterprises (MNEs) can accelerate development in the countries hosting them, both directly with their presence, and indirectly through linkages to local economic actors.

Read More about Foreign Direct Investment and Development

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