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Making corporate power global

Macmillan, F. (1999) Making corporate power global. International Trade Law and Regulation, 5 (1). pp. 3-9.


This article considers the extent to which recent developments in relation to the liberalisation of international investment might be effecting the emergence of a global corporate sector or, at least, a corporate sector which wields global power. Considered below is the meaning of the concept of globalisation in the context of the financial and investment markets and the extent to which this concept may be distinguished from that of internationalisation. It will then be argued that while internationalisation has been a prevailing norm of corporate behaviour and regulation in the modern era it may be giving way to more globalised forces. There follows an overview of the relevant provisions of the General Agreement on Trade in Services (GATS) and the draft Multilateral Agreement on Investment (MAI). The discussion in this part focuses on the role which these two international agreements are likely to play in the corporate sector's movement from internationalisation to globalisation. The article concludes with a call for a stronger regulatory response to the globalisation of private power.

Item Type: Journal Article
Murdoch Affiliation(s): School of Law
Publisher: Sweet & Maxwell
Copyright: © 2019 Sweet & Maxwell and its Contributors
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