Paper Summary:

This paper analyzes the impact of globalization on the strategies of multinational companies. The paper begins with a brief discussion of globalization and then turns to the purpose of multinational entities and so-called stateless corporations. Next, the paper examines the growing trend toward true multi-nationalism and inter-organizational collaboration, rather than American-based companies trying to single-handedly dominate international markets. Companies cited as examples include Motorola, IBM and Kodak. The paper also discusses the triad of trading spheres, comprised of the U.S., Japan and Europe. Finally, the paper addresses anxieties about multi-nationalism and, in particular, free trade agreements. The paper refutes concern about the advent of the global payroll, which has produced dramatic changes in world labor markets, and issues of resource control.

From the Paper:

"The emergence of global multinational enterprises and the integration of national economic systems have strong implications for international trade and economic policy for the United States. Some traditional policy instruments are being rendered ineffective by globalization and the new inter-dependence of international and domestic policies. Nonetheless, the challenge of forming responsive, rational and efficient trade and investment policies must be met. New attitudes need to respond to new realities, as the definition of national interests continues to evolve."

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