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Although the nation-state was historically considered as the primary unit of international economic action, some scholars have recently argued that it has lost considerable power & that this loss can be attributed to certain characteristics of transnational corporations (TNCs): (1) assets & sales larger than the gross domestic products of most nation-states, (2) the multilocational nature of TNCs, & (3) the ability to move jobs & resources, thereby undermining the state's regulatory powers. Although these factors have transformed global ecnomic structures, it is argued that international economies are best understood as interactions between nation-states & TNCs, which are locked into a complex process of interdependence & bargaining. The recent emergence of regionally integrated economic blocs highlights the potential for mutually fulfilling relationships between nation-states & TNCs: states ensure a stable & efficient employment sector, while TNCs consolidate diverse resources, production facilities, & employees in a small, integrated region. 2 Photographs, 28 References. Adapted from the source document.

Focuses on the complex interactions between states and transnational corporations and on the role of regionally integrated economic blocs in the global economy.

A review essay on books edited by: Diana Tussie & David Glover, The Developing Countries in World Trade: Policies and Bargaining Strategies (Boulder, CO: Lynne Rienner Publishers, 1993); & Gary Gereffi & Miguel Korzeniewicz, Commodity Chains and Global Capitalism (Westport, CT: Praeger Publishers, 1994 [see listings in IRPS No. 81]). The Tussie & Glover book examines the role of the nation-state in making trade policy. Topics discussed include the Uruguay Round of the GATT (General Agreement on Tariffs & Trade) & the erosion of GATT principles, the development of the single European market, the emergence of regionally specific free trade arrangements in North America, & national & collective responses to these processes. Its strength is the in-depth analysis of trade problems & conflicts, although the book unfortunately omits discussion of the role of nonstate actors in trade policy. The Gereffi & Korzeniewicz collection examines global capitalism & trade from the analytical perspective of the global commodity chain, a perspective that incorporates components of production & consumption in a dynamic system of functional relationships. Emphasis is given to world-economic spatial inequalities & differential access to markets & resources, micro-macro links between ecnomic processes, & the interdependent organizational & spatial dimensions of commodity chains. 6 References. D. Generoli