Template-type: ReDIF-Article 1.0 Author-Name: Zeng, Ka Author-Name: Xu, Yingjie Author-Name: Xie, Zhenzhen Title: Local sourcing embeddedness, manufacturing relocation, and firm attitudes toward the US-China trade war: A survey analysis of China-based MNC subsidiaries Journal: Business and Politics Pages: 91-116 Issue: 2 Volume: 25 Year: 2023 Month: June Abstract: This paper examines the attitudes of multinational corporations (MNCs) toward the U.S.-China trade war through an original survey of China-based MNC subsidiaries in the manufacturing industry. Our argument is in two parts. First, firms that have relocated production outside of China or are considering such moves should be less likely to oppose the trade war as they possess outside options that reduce their vulnerability to trade restrictions. Second, firms’ tendency toward production relocation can in turn be explained by their local sourcing dependence, as measured by the level of such dependence and the degree to which their operations require supplier certification. This is because firms more heavily embedded in local supplier networks face stronger resource dependence that increases organizational inertia, reducing their ability to switch to alternative suppliers and therefore relocating production to other destinations. Our findings corroborate our hypotheses, highlighting how the heterogeneity in MNCs’ supply chain relationships may influence both their manufacturing relocation decisions and trade policy preferences. File-URL: https://www.cambridge.org/core/product/identifier/S1469356922000271/type/journal_article File-Function: link to article abstract page File-Format: text/html Handle: RePEc:cup:buspol:v:25:y:2023:i:2:p:91-116_1 Template-type: ReDIF-Article 1.0 Author-Name: Choung, Eunji Author-Name: Koo, Min Gyo Title: China's dream for chip supremacy: Seeing through the lens of panel display-related IC patents Journal: Business and Politics Pages: 117-132 Issue: 2 Volume: 25 Year: 2023 Month: June Abstract: As China has made it a top priority to enrich and upgrade its chip capabilities across the value chain, some international observers predict that China's semiconductor industry will eventually, if not immediately, surpass its foreign competitors. Others remain skeptical about its presumed tech supremacy for plausible but largely speculative reasons. Is the Chinese semiconductor industry a game-changer or a paper tiger? Is China's indigenous chip technology attractive to, and usable by, foreign technology? One way to look into these half-empty/half-full questions is to comparatively analyze chip patents granted by the US Patent and Trademark Office. The target domain of this study is integrated circuits (IC) technology, especially thin-film-transistor circuits, where China has recently registered a sharp growth in patent publications. Using the modified forward citation indices of panel display-related IC patents, this study examines whether and to what extent the quantitative growth in the Chinese semiconductor industry has been translated into a gravitational force to pull foreign industries within its sphere of influence. Estimation results of a zero-inflated negative binomial regression analysis show that a Chinese chip patent has a fewer expected modified forward citation index than a non-Chinese patent. These findings indicate that the technological gap between China and advanced countries will take longer to close despite China's accelerated campaign for chip supremacy. This study concludes, with some caveats, that China faces the dual challenge of achieving higher productivity and greater self-reliance, while having to survive in the escalating technological competition with other advanced countries. File-URL: https://www.cambridge.org/core/product/identifier/S1469356923000010/type/journal_article File-Function: link to article abstract page File-Format: text/html Handle: RePEc:cup:buspol:v:25:y:2023:i:2:p:117-132_2 Template-type: ReDIF-Article 1.0 Author-Name: Sawulski, Jakub Author-Name: Szewczyk, Nikodem Author-Name: Rafalska, Kinga Author-Name: Smółko, Maciej Title: Business power against redistribution: The case of watered-down tax reform in Poland Journal: Business and Politics Pages: 133-151 Issue: 2 Volume: 25 Year: 2023 Month: June Abstract: In 2021 the ruling party in Poland proposed a reform to reverse the regressivity of the Polish tax system. Although the number of potential beneficiaries significantly exceeded the number of sufferers, the media coverage of the reform was strongly negative. This pushed the government to introduce reform adjustments, all of which benefited the high-income self-employed, increasing the cost of the reform and reducing its redistributive effect. To explain this, we analyze articles on the reform published in the three most opinion-forming newspapers. We demonstrate that the negative media coverage stemmed from successful incorporation of business narratives in the public debate by the business lobbying associations. It was supported by the weakness of workers’ organizations and a low level of citizens’ trust in government. File-URL: https://www.cambridge.org/core/product/identifier/S1469356923000034/type/journal_article File-Function: link to article abstract page File-Format: text/html Handle: RePEc:cup:buspol:v:25:y:2023:i:2:p:133-151_3 Template-type: ReDIF-Article 1.0 Author-Name: Strickland, James M. Title: The contingent value of connections: legislative turnover and revolving-door lobbyists Journal: Business and Politics Pages: 152-172 Issue: 2 Volume: 25 Year: 2023 Month: June Abstract: Former legislators who lobby exacerbate the effects of financial resources on the relative political influence that various organized interests achieve. These lobbyists receive more income and achieve favorable policy outcomes more often than other lobbyists. The value of these revolving-door lobbyists, however, is contingent on the continued presence of former colleagues in legislatures. Former legislators achieve influence because of their insider connections, and membership turnover among incumbents decreases the value of this asset for interest groups. I examine the incomes and clienteles of former legislators who lobbied in the American states over seven decades. Turnover is a consistent, negative predictor of revolver value. This effect is enhanced by the presence of legislative staff support. This study is the first to examine the value of revolving-door lobbyists in the state legislatures. My findings imply that reforms that induce turnover help to level playing fields of political advocacy among interests with different levels of financial resources. File-URL: https://www.cambridge.org/core/product/identifier/S1469356923000046/type/journal_article File-Function: link to article abstract page File-Format: text/html Handle: RePEc:cup:buspol:v:25:y:2023:i:2:p:152-172_4 Template-type: ReDIF-Article 1.0 Author-Name: Stiller, Yannick Title: Bargaining Power in a Globalized World: The Effect of Global Value Chains in Trade Negotiations Journal: Business and Politics Pages: 173-194 Issue: 2 Volume: 25 Year: 2023 Month: June Abstract: What determines the bargaining power of states in international trade negotiations? The literature focuses predominantly on economic strength as the determinant of bargaining power. However, this explanation neglects the reality of modern trade, which is characterized by the globalization of production and high levels of economic interdependence. I argue that this interdependence undermines the effect of economic strength on the bargaining power of states. Specifically, I hypothesize that the effect of economic strength declines when a country's companies rely on inputs for their production from a negotiation partner because they are integrated into global value chains. The more a country's firms are dependent on a partner country, the less that country is able to coerce concessions from the partner country by bringing to bear its economic strength. To test this hypothesis, I use a dataset covering concessions on liberalization of the services sector made by 54 countries in 61 preferential trade agreements. By calculating the relative concessions of each partner, I construct a quantitative indicator of the outcome of trade negotiations. This indicator should reflect the underlying bargaining power of each negotiating party. The results of a regression analysis of these negotiation outcomes mostly support my hypotheses. File-URL: https://www.cambridge.org/core/product/identifier/S1469356923000058/type/journal_article File-Function: link to article abstract page File-Format: text/html Handle: RePEc:cup:buspol:v:25:y:2023:i:2:p:173-194_5