REPORT FROM THE ACADEMY OF INTERNATIONAL BUSINESS (AIB) BOARD: What Has Been Achieved and What Still Needs to Be Done
Global Business
by Farok J. Contractor
1y ago
Farok J. Contractor, Ph.D., Outgoing President As I will soon be completing my term as AIB President, while remaining a member of the Executive Board, I thought it would be useful to review the progress AIB has achieved over the past year and what remains to be done. Only a few readers of this blog are members of the AIB. Nevertheless, some other readers may be interested in my remarks delivered at the 2022 Annual AIB Meeting in Miami this past July, which include comments about the future of globalization in the conclusion. The AIB membership consists of 3,400 academics (and a number of cons ..read more
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Reshaping International Operations for a Carbon-Neutral Future
Global Business
by Farok J. Contractor
1y ago
© 2022 Farok J. Contractor, Distinguished Professor, Rutgers Business School, and President, AIB I was asked to give the keynote speech (on June 9, 2022 in the US, June 10 in China) at the 2022 ECUST-USF International Conference organized by the East China University of Science and Technology (ECUST), the University of San Francisco (USF), and the University of Nottingham. The conference theme, “Reshaping International Operations for Carbon Neutrality in Turbulent Times,” is a topic on which the future of humanity hangs. Dr. Xiaohua Yang, Professor of International Business; Founding Directo ..read more
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Academy of International Business (AIB) Joins World Investment for Development Alliance (WIDA)
Global Business
by Farok J. Contractor
2y ago
© 2022 Farok J. Contractor, Distinguished Professor, Rutgers Business School, and President, AIB Since the mid-1980s, globalization has contributed to lifting more than one billion people out of grinding poverty and perhaps two billion into a middle-class consumer status. The Academy of International Business (AIB) is the premier worldwide association of more than 3,000 academics and researchers covering global business topics. The role of foreign direct investment (FDI) and cross-border trade in transforming societies and economies lie at the heart of the AIB’s purview and mission. But a ma ..read more
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The Purchasing Power Parity Theory Works – Illustrated by the Sad Tale of the Argentine Peso
Global Business
by Farok J. Contractor
2y ago
© 2021, Farok J. Contractor, Distinguished Professor, Management & Global Business, Rutgers Business School On  November 8, 2021, it happened — as predicted by the purchasing power parity (PPP) theory: the Argentine monetary unit crossed the symbolically important threshold of 100 pesos = 1 US dollar (USD). A lurid but sad tale. A century ago, some predicted that Argentina would soon join the ranks of advanced nations. Instead, populist governments, freewheeling borrowing and spending, and mismanagement of its economy resulted in high inflation in much of Argentina’s modern history. A ..read more
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Professor Farok J. Contractor Named 34th President of the Academy of International Business (AIB)
Global Business
by Pamela M. Bond Contractor
2y ago
© 2021 Rutgers Business School Farok J. Contractor, distinguished professor of management and global business at Rutgers Business School, assumed the role of president of the Academy of International Business (AIB) on August 1, 2021. The AIB is an association of 3,500 members worldwide, mainly academics and a few strategists studying global business, with 13 chapters in 89 countries in seven regions around the globe. “As AIB president, Professor Contractor will be piloting our academy at a time when, worldwide, there are still great uncertainties,” said outgoing AIB President Jeremy ..read more
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Frontline IB Video Conversations: Farok Contractor – April 29, 2021
Global Business
by Farok J. Contractor
2y ago
© 2021, Farok J. Contractor, Distinguished Professor, Rutgers Business School, and Incoming President, AIB  Part of the Academy of International Business (AIB) Video Conversations with Leading Scholars Series VIDEO LINK Talk about 30 minutes The Academy of International Business (AIB), of which I am serving as Incoming President 2021–2022, has been recording a series of 30-minute video conversations with leading scholars in the field. The conversations are a mix of the scholars’ personal backgrounds and their research interests. In my 30 minutes, I touch on some of my background growing u ..read more
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Despite Some Advantages, Online Education Has a “Dark Underbelly”
Global Business
by Farok J. Contractor
2y ago
© 2021, Farok J. Contractor, Distinguished Professor, Rutgers Business School Note: The following commentary is based on my experience teaching remotely during the pandemic.  It does not directly reflect on Rutgers University. The pandemic has accelerated and legitimized online learning. The institution where I teach—Rutgers Business School (New Brunswick and Newark)—has been completely online for the past two semesters. Online instruction has benefits: it reduces costs for the university; distance becomes irrelevant—I’ve had students logging on from Singapore, Kuwait, and China; and if s ..read more
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The US-China Business Relationship: “Bi-Polar”? Or a Stabilizing Pillar of the World Economy? A Video Lecture
Global Business
by Farok J. Contractor
2y ago
© 2020, Farok J. Contractor, Distinguished Professor, Rutgers Business School, and President-Elect, Academy of International Business Introduction to a public lecture sponsored by the Academy of International Business and the University of Nottingham (China, Ningbo Campus) VIDEO LINK Talk approximately 60 minutes followed by Q&A of 30 minutes Just two countries, China and the US, comprise 40 percent of the world’s GDP and 23 percent of its population, making their bilateral commercial relationship by far the most important on the planet — and the strain between them especially unfortunate ..read more
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The World Economy Will Need Even More Globalization in the Post-Pandemic 2021 Decade
Global Business
by Farok J. Contractor
2y ago
© 2020, Farok J. Contractor, Rutgers Business School Featured Image Source: Financial Times Following is an introduction to the post-peer-reviewed, pre-copyedited version of an article to be published in the Journal of International Business Studies. The final authenticated version will be available online at: Journal of International Business Studies | Volumes and issues (springer.com). While this 11-page article (not including references and endnotes) was written for an academic audience, interested readers of my blog will find it accessible because since there is little, if any, jargon. It ..read more
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A Decline in US Manufacturing Because of Globalization and China? Don’t Believe This Fake News
Global Business
by Farok J. Contractor
2y ago
© 2020, Farok J. Contractor, Rutgers Business School Featured Image Source: Wall Street Journal This is a pre-copyedited draft version of an article to be published in Management & Organization Review. The final authenticated version will be available online at Cambridge University Press. For at least 35 years, US politicians and pundits have scared the public with tales of declining vitality in US manufacturing, from Trump tweeting that “China is stealing our jobs”[1] to a recent article by a ranking congressman (Yoho, 2019) claiming that “America has lost its competitive manufacturing ed ..read more
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