Sovereignty@ bay: Globalization, multinational enterprise, and the international political system (original) (raw)

The paper examines the complexities of multinational enterprises (MNEs) in relation to globalization and state sovereignty. It traces the historical development of the term 'multinational corporation' and discusses the implications of MNEs operating across national borders, highlighting the challenges posed by extraterritorial jurisdiction and regulatory conflicts. The study emphasizes how modern alliances and knowledge-based networks operate with less hierarchical structure and regulatory oversight, complicating the role of nation-states in governing these entities.