It is today widely understood that the global economy is a densely interconnected network that affects the everyday lives of billions of people. In particular, the network structure can amplify financial instability, exacerbate wealth and income inequality, and hamper investments in climate...

We investigate the community structure of the global ownership network of transnational corporations. We find a pronounced organization in communities that cannot be explained by randomness. Despite the global character of this network, communities reflect first of all the geographical location...