alexa Globalization in question: The international economy and the possibilities of governance by Paul Hirst and Grahame Thompson
Social & Political Sciences

Social & Political Sciences

Journal of Political Sciences & Public Affairs

Author(s): Paul Hirst, Grahame Thompson

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There is a vast difference between a strictly gjba economy and a highly internationalized economy in which most companies trade from their bases in distinct national economies. In the former national policies are futile, since economic outcomes are determined wholly by world market forces and by the internal decisions of transnational companies. In the latter national policies remain viable, indeed they are essential in order to preserve the distinct styles and strengths of the national economic base and the companies that trade from it.

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This article was published in Indian Journal of Global Legal Studies and referenced in Journal of Political Sciences & Public Affairs

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