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...

Location choice has been one of the key elements to affect the performance of firms. While existing literature highlights the strategic value of agglomeration, we question whether the value also applies in the context of developing economies, considering the weak institutional environment would...