Chapter

Sovereignty@Bay: Globalization, Multinational Enterprise, and the International Political System

Stephen J. Kobrin

in Oxford Handbook of International Business

Published in print August 2001 | ISBN: 9780199241828
Published online November 2003 | e-ISBN: 9780191596834 | DOI: http://dx.doi.org/10.1093/0199241821.003.0007
Sovereignty@Bay: Globalization, Multinational Enterprise, and the International Political System

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The impact of the multinational enterprise (MNE) on sovereignty, autonomy, and control is addressed. It is argued that the mainstream literature of the sovereignty at bay era (which followed the first dramatic expansion of the traditional MNE) did not predict the end of the nation state or conclude that sovereignty is critically compromised either in theory or practice. However, it is suggested that at the beginning of the twenty‐first century, sovereignty has become much more problematic as globalization has compromised territorial sovereignty; MNEs have played a central role in this process.

Keywords: autonomy; globalization; multinational enterprises; sovereignty

Chapter.  9604 words. 

Subjects: International Economics

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