The Transfer of Governance from the Nation State to a Corporate Global Economy

The article describes how transnational corporations, international organizations, and supranational institutions play an increasingly important role in the global economy. The complex array of relationships involves political actors – states and their associations, as well as market entities, which – by getting stronger – enter in competition with states for dominance in the global market. The increasing competition between state and international corporations limits room for society (societies), reserving for them sometimes a marginal position.