Global Corporate Power | ASED + Kavaljit Singh | History | World | eBooks
Global Corporate Power
by ASED + Kavaljit Singh
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Global Corporate Power Summary:
| In the last two decades, economic clout of global corporations has scaled unprecented heights. Out of world's top 100 economies in 2000, 54 were corporations and only 46 were nations. Not only TNCs have global reach, there are hardly any sectors where TNCs do not enjoy a dominating presence. Does this suggest the end of nation-states? Not at all, says the author. With the help of contemporary examples, the author argues that the role of state has been critical in shaping the present trajectory of corporate-led global economy. Tracing the history of TNCs from the 16th century, the paper provides up-to-date information on important aspects related to TNCs and their wider implications. It critically examines in detail two most controversial and complex issues related to TNCs namely, mergers and acquisitions and transfer pricing. The author calls upon anti-corporate activists and movements to rethink their strategies in order to address new challenges posed by corporate-led globalization. |
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