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Dear friends and colleagues, We are delighted to announce the publication of the December 2023 issue (volume 32, issue 6) of International Business Review. This issue is a real treat to finish 2023. Plenty to warm up those of us who are enduring winter in the northern hemisphere, and beach reading for those further south! The lead paper – the fourth in our occasional series of Perspectives - is authored by Randi Lunnan, Klaus Meyer, Ram Mudambi & Qin Yang on “The impact of knowledge and financial resource flows for MNE strategy: a typology of subsidiary roles.” The authors discuss the antecedents and implications of HQ-subsidiary financial and knowledge flows. They point out that these flows differ as the deployment of knowledge hinges on numerous contextual characteristics, whereas financial flows are relatively fungible. They emphasise that both flows are needed for subsidiaries to succeed, identify four distinct types of subsidiary roles based upon the juxtaposition of these flows, and discuss the implications for subsidiary competitiveness and MNE risk. Next there is a Special Section on “The Tech Cold War & IB Research”, guest edited by Rosalie Tung, Ivo Zander & Tony Fang. The section contains eight insightful commentaries on this vital contemporary topic and its implications for IB practice and scholarship. The articles cover the multipolarization and fracturing of the global economy, the competitive production of technology, global decoupling in the global semiconductor industry, Chinese technology-driven acquisitions, the likelihood (or not) of China becoming the global technology leader in key industries, the increasingly negative media coverage in the West of the activities of EMNEs and specifically Chinese MNEs (with a focus on Huawei), and indigenous innovation by EMNEs. Finally, there are six regular articles on springboard internationalization in times of geopolitical tensions; the developmental process of early internationalizing firms; the internationalization of social enterprises; location advantages and cross-border M&As; CEO wealth and cross-border acquisitions; and legitimacy issues related to the governance of sovereign wealth funds. We end this update with a reminder of 31 March 2024 deadline for the IBR Special Issue on “How MNEs adjust their strategies and operations in response to a turbulent IB environment”, guest edited by Farok Contractor, John Cantwell, Gary Gereffi, Karl Sauvant & James Zhan. As the editors state, “The past few years have witnessed significant rises in both the complexity and the risks of international business stemming from (a) more assertive nationalism, protectionism and screening or scrutiny on foreign firms, with government policies increasingly skewed in favor of the host nation; (b) the realization that the extreme optimization of global value chains (GVC) has gone too far and more resilient redesigns of GVCs are called for; (c) globalized or transborder mandates and pressures increasing on multinational enterprises (MNEs), on issues ranging from climate change, environmental, social and governance (ESG), sustainable development goals (SDG), and international tax avoidance; and (d) macroeconomic changes or volatility occurring in interest rates, commodity prices and exchange rates.” Further details are available at: https://www.sciencedirect.com/journal/international-business-review/about/call-for-papers#how-mnes-adjust-their-strategies-and-operations-in-response-to-a-turbulent-ib-environment Best wishes Roger Strange & Fang Lee Cooke (IBR Editors-in-Chief) International Business Review Volume 32, Issue 6, December 2023 Perspective Article The impact of knowledge and financial resource flows for MNE strategy: A typology of subsidiary roles<https://www.sciencedirect.com/science/article/pii/S0969593123000902> Randi Lunnan, Klaus Meyer, Ram Mudambi, Qin Yang Article 102190 Special Section on “The Tech Cold War & IB Research”. Guest edited by Rosalie L. Tung, Ivo Zander & Tony Fang The Tech Cold War, the multipolarization of the world economy, and IB research<https://www.sciencedirect.com/science/article/pii/S0969593123000951> Rosalie L. Tung, Ivo Zander, Tony Fang Article 102195 Corporate reactions to the fracturing of the global economy<https://www.sciencedirect.com/science/article/pii/S0969593122000427> Peter J. Buckley Article 102014 Societal knowledge quality as catalyst for the competitive productivity of technology: One in a set of several universal processes in trajectories of societal progress.<https://www.sciencedirect.com/science/article/pii/S096959312200124X> Gordon Redding Article 102096 Co-evolutions in global decoupling: Learning from the global semiconductor industry<https://www.sciencedirect.com/science/article/pii/S0969593123000185> Hongzhi Gao, Monica Ren, Tsui-Yii Shih Article 102118 Facilitator or inhibitor? The effect of host-country intellectual property rights protection on China’s technology-driven acquisitions<https://www.sciencedirect.com/science/article/pii/S0969593123000653> Molin Wang, Haifeng Yan, Francesco Ciabuschi, Cong Su Article 102165 The Tech Cold War: What can we learn from the most dynamic patent classes?<https://www.sciencedirect.com/science/article/pii/S0969593123000409> Manuel Mira Godinho, Vítor Corado Simões Article 102140 The legitimacy defeat of Huawei in the media: Cause, context, and process<https://www.sciencedirect.com/science/article/pii/S0969593122001081> Anlan Zhang, Yue Xu, Matthew J. Robson Article 102080 The pursuit of indigenous innovation amid the Tech Cold War: The case of a Chinese high-tech firm<https://www.sciencedirect.com/science/article/pii/S096959312200107X> Ling Eleanor Zhang, Shasha Zhao, Philipp Kern, Tony Edwards, Zhi-Xue Zhang Article 102079 Regular Articles Springboard internationalisation in times of geopolitical tensions<https://www.sciencedirect.com/science/article/pii/S0969593123000446> Daniella Fjellström, Wensong Bai, Luis Oliveira, Tony Fang Article 102144 Liminality and developmental process of learning advantage of newness of early internationalizing firms<https://www.sciencedirect.com/science/article/pii/S0969593123000768> Emmanuel Kusi Appiah, Tamara Galkina, Peter Gabrielsson Article 102176 The internationalization of social enterprises: The impact of business model characteristics<https://www.sciencedirect.com/science/article/pii/S0969593123000884> Filip De Beule, Johan Bruneel, Kieran Dobson Article 102188 Multinational enterprises, intra-regional cross-border M&As, and performance: Location advantages of market versus knowledge<https://www.sciencedirect.com/science/article/pii/S096959312300077X> In Hyeock (Ian) Lee, Eunsuk Hong, Jong Kook Shin Article 102177 CEO wealth and cross-border acquisitions by SMEs<https://www.sciencedirect.com/science/article/pii/S0969593123000926> Flladina Zilja, Gabriel R.G. Benito, Hamid Boustanifar, Dan Zhang Article 102192 Sovereign wealth fund governance: A trade-off between internal and external legitimacy<https://www.sciencedirect.com/science/article/pii/S0969593123000938> J. Amar, C. Lecourt Article 102193 ------------------------------------------------------ Roger Strange Professor of International Business Editor-in-Chief, International Business Review University of Sussex Business School, Room 107A, Jubilee Building Brighton BN1 9SL, United Kingdom Tel: (44) 1273-873531 Web profile: http://www.sussex.ac.uk/profiles/243640 Follow the International Business Review on LinkedIn<https://www.linkedin.com/company/international-business-review-journal/> to stay connected and up to date with the latest news, initiatives, and publications! [cid:a552dbe0-2ebc-4b71-a13a-277715d11108]<https://www.linkedin.com/company/international-business-review-journal/> ____ AIB-L is brought to you by the Academy of International Business. 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