Abstract
Internationalizing far later than other sectors, healthcare has seen trade and foreign direct investment (FDI) grow in recent years. While part of the service economy, healthcare has unique features that distinguish it from other service sectors and imprint on its globalization and spillover patterns. In this paper, we review the trends in healthcare internationalization, its drivers, and the obstacles standing in the way. We outline the special characteristics of the healthcare sector and how they affect the positive and negative spillovers from trade and FDI for home and host-countries. Implications for international business theory, research, and policy are delineated.
| Original language | English |
|---|---|
| Pages (from-to) | 362-374 |
| Number of pages | 13 |
| Journal | Journal of International Business Studies |
| Volume | 53 |
| Issue number | 2 |
| Early online date | 17 May 2021 |
| DOIs | |
| Publication status | Published - Mar 2022 |
Bibliographical note
Funding Information:The authors would like to thank Professor Alain Verbeke, Professor Stav Fainshmidt and two anonymous reviewers for their very helpful guidance.
Publisher Copyright:
© 2021, Academy of International Business.
Keywords
- foreign direct investment
- healthcare
- medical tourism
- spillovers
- trade flows
ASJC Scopus subject areas
- Business and International Management
- General Business,Management and Accounting
- Economics and Econometrics
- Strategy and Management
- Management of Technology and Innovation
