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Globalisation And Corporate Power

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  • Keith Cowling
  • Philip R. Tomlinson

Abstract

This paper seeks to establish a view of the world within which globalisation and corporate power interact and shape the nature of the modern market economy. Drawing upon a range of theory and evidence, we consider the implications of the growth of transnational firms and concentrated market structures within the advanced industrial countries. We see ourselves as offering a framework to which other results can be added and assessed in order to move to a more accurate analysis of some of the major forces acting upon the global economy: we are not seeking to be comprehensive, but to offer a serious appraisal of a range of literature that relates to establishing such a world view. Our interim conclusion is that the present globalisation process (and the ensuing concentration of corporate power) has not met the wider interests of the global community: indeed it has contributed to a series of 'strategic failures' throughout the world economy. Copyright 2005, Oxford University Press.

Suggested Citation

  • Keith Cowling & Philip R. Tomlinson, 2005. "Globalisation And Corporate Power," Contributions to Political Economy, Cambridge Political Economy Society, vol. 24(1), pages 33-54, August.
    • Handle: RePEc:oup:copoec:v:24:y:2005:i:1:p:33-54
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    Cited by:

    1. Stephen P. Dunn, 2012. "John Kenneth Galbraith and the Theory of the Firm," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 8, Edward Elgar Publishing.
    2. Pitelis, Christos N & Tomlinson, Philip R, 2017. "Industrial organisation, the degree of monopoly and macroeconomic performance – A perspective on the contribution of Keith Cowling (1936–2016)," International Journal of Industrial Organization, Elsevier, vol. 55(C), pages 182-189.
    3. Andrea Coveri & Claudio Cozza & Dario Guarascio, 2021. "Monopoly Capitalism in the Digital Era," Working Papers in Public Economics 209, University of Rome La Sapienza, Department of Economics and Law.

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