ABSTRACT
Suppose giant multinational corporations (say 300 from the US and 200 from Europe and Japan) succeed in establishing themselves as the dominant form of international enterprise and come to control a significant share of industry (especially modern industry) in each country. The world economy will resemble more and more the United States economy, where each of the large corporations tends to spread over the entire continent, and to penetrate almost every nook and cranny. What would be the effect of a world industrial organization of this type on international specialization, exchange and income distribution? The purpose of this section is to analyse the spatial dimension of the corporate hierarchy.
