Publication
Mar 2002
This paper conceptualizes transnational corporate economy as an additional sub-structure of the world economic system. This is useful in understanding the phenomenon of globalization by way of differentiating the present trend of globalization from its earlier (pre-World-War I) counterpart. The authors examine the nature and welfare implications of the integrated global economy. Further they present a comparative study of the national sovereign economy (controlled by nation-states) and the global market economy (driven by the market) in the context of the transnational corporate economy.
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English (PDF, 18 pages, 232 KB) |
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Author | Dieter Ernst, Terutomo Ozawa |
Series | East-West Center Working Papers |
Issue | 42 |
Publisher | East-West Center (EWC) |
Copyright | © 2002 East-West Center (EWC) |