Implementing the United Nations' Sustainable Development Goals in International Business

Montiel. I., Cuervo-Cazurra, A., Park, J., Antolin-Lopez, R., Husted, B.W. 2021. Implementing the United Nations’ Sustainable Development Goals in International Business. Journal of International Business Studies 52(5): 999-1030

57 Pages Posted: 19 Apr 2021 Last revised: 16 Jun 2021

See all articles by Ivan Montiel

Ivan Montiel

Zicklin School of Business, Department of Management, Baruch College - The City University of New York

Alvaro Cuervo-Cazurra

Northeastern University - Department of International Business and Strategy

Junghoon Park

Zicklin School of Business, Baruch College - The City University of New York

Raquel Antolin-Lopez

University of Almeria

Bryan W. Husted

EGADE Business School/Tecnologico de Monterrey

Date Written: April 16, 2021

Abstract

Building on the concept of externalities, we propose an explanation of how multinationals can contribute to the enactment of the United Nations’ Sustainable Development Goals as part of their ordinary investments. First, we suggest grouping the 17 Sustainable Development Goals into six categories based on whether they increase positive externalities—knowledge, wealth, or health—or reduce negative externalities—the overuse of natural resources, harm to social cohesion, or overconsumption. Second, we propose placing these categories within an extended value chain to facilitate their implementation. Third, we argue that multinationals’ internal investments in host country subsidiaries to improve their competitiveness contribute to addressing externalities in host country communities, while external investments in host communities to solve underdevelopment generate competitiveness externalities on host country subsidiaries.

Keywords: externalities, international business, multinationals, grand challenges, sustainable development goals, sustainability

JEL Classification: M14, M16

Suggested Citation

Montiel, Ivan and Cuervo-Cazurra, Alvaro and Park, Junghoon and Antolin-Lopez, Raquel and Husted, Bryan, Implementing the United Nations' Sustainable Development Goals in International Business (April 16, 2021). Montiel. I., Cuervo-Cazurra, A., Park, J., Antolin-Lopez, R., Husted, B.W. 2021. Implementing the United Nations’ Sustainable Development Goals in International Business. Journal of International Business Studies 52(5): 999-1030, Available at SSRN: https://ssrn.com/abstract=3828056

Ivan Montiel (Contact Author)

Zicklin School of Business, Department of Management, Baruch College - The City University of New York ( email )

NY
United States

Alvaro Cuervo-Cazurra

Northeastern University - Department of International Business and Strategy ( email )

D'Amore-McKim School of Business
313 Hayden Hall, 360 Huntington Avenue
Boston, MA 02115
United States
16173736568 (Phone)
16173738628 (Fax)

HOME PAGE: http://cuervo-cazurra.com

Junghoon Park

Zicklin School of Business, Baruch College - The City University of New York ( email )

55 Lexington Ave., Box B13-260
New York, NY 10010
United States

Raquel Antolin-Lopez

University of Almeria ( email )

La Cañada de San Urbano s/n
Almería, Almería 040120
Spain

Bryan Husted

EGADE Business School/Tecnologico de Monterrey ( email )

Sucursal de Correos J
Monterrey 64849, Nuevo Leon
Mexico

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