Critics and defenders of multinational corporations often agree on at least one thing: that the activities of multinationals are creating an overwhelmingly powerful global market that is quickly rendering national borders obsolete. The authors of this book, however, argue that such expectations...

A common perception of multinational corporations is that they are creating an overwhelmingly powerful market and are rendering national borders obsolete. Using data from the US, Japan and Europe, this book argues that such a view is incorrect