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Explores shifting theories of the roles of markets, hierarchies, interfirm alliances, & governments in organizing economic activity. It is argued that, while there are a number of reasons for changing theories, differences among scholars generally reflect the time frame of their analyses. Current internationalization &, more recently, globalization of economic activity modify the governance of resource creation & deployment. The growing mobility of both tangible & intangible assets, as well as changing patterns of demand & technological advances, makes modification of the agenda & policies of national & supranational organizations necessary. More scholarship is needed on the role of geography in economic policy making. 1 Table, 102 References. Adapted from the source document.

Discusses the interaction of multinational corporate integration with regional economic integration within the European Economic Community. Argues that for Europe any systematic analysis of the extent and character of multinational intra-firm trade is lacking. In contrast to the United States, where a good deal of work has been done on intra-firm trade by U.S. multinationals, the only European surveys are those for Swedish multinationals. (AM)