ABSTRACT

A major tenet of the globalists is that economics generally, and the multinational corporations specifically, undermine the nation-state by integrating the world economy. Gilpin challenges that theory. According to his thinking, "There is little evidence to substantiate . . . that the multinational corporation as an independent actor has had a significant impact on international politics." Indeed, he argues that transnational economic actors reflect the policies of their home governments. To support this contention, Gilpin traces the development of the British empire and America's economic relations with Japan and Europe.