National Sovereign Economy, Global Market Economy, and Transnational Corporate Economy

Journal of Economic Issues, Vol. XXXVI No. 2 June 2002

9 Pages Posted: 27 Apr 2016

See all articles by Dieter Ernst

Dieter Ernst

East-West Center; Centre for International Governance Innovation (CIGI)

Terutomo Ozawa

East-West Center

Date Written: January 12, 2002

Abstract

This paper conceptualizes transnational corporate economy as an additional sub-structure of the world economic system. This is useful in understanding the phenomenon of globalization by way of differentiating the present trend of globalization from its earlier (pre-World-War I) counterpart. The authors examine the nature and welfare implications of the integrated global economy. Further they present a comparative study of the national sovereign economy (controlled by nation-states) and the global market economy (driven by the market) in the context of the transnational corporate economy.

Keywords: National sovereign economy, transnational corporate economy, world economic system, welfare implications of globalization, innovation, global networks

Suggested Citation

Ernst, Dieter and Ozawa, Terutomo, National Sovereign Economy, Global Market Economy, and Transnational Corporate Economy (January 12, 2002). Journal of Economic Issues, Vol. XXXVI No. 2 June 2002. Available at SSRN: https://ssrn.com/abstract=2770133

Dieter Ernst (Contact Author)

East-West Center ( email )

1601 East-West Road
Honolulu, HI 96848-1601
United States

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

Terutomo Ozawa

East-West Center ( email )

1601 East-West Road
Honolulu, HI 96848-1601
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
18
Abstract Views
203
PlumX Metrics