“…Governing the global economy will represent a fundamental challenge Global markets would, according to Hirst and Thompson (1992), be difficult to regulate and firms would not expect special treatments as 'national champions' but be expected to seek to share the risks and opportunities through intercorporate investments, partnerships, joint ventures and other arrangements.…”
Section: Global Economy: Transnationalizationmentioning
“…Governing the global economy will represent a fundamental challenge Global markets would, according to Hirst and Thompson (1992), be difficult to regulate and firms would not expect special treatments as 'national champions' but be expected to seek to share the risks and opportunities through intercorporate investments, partnerships, joint ventures and other arrangements.…”
Section: Global Economy: Transnationalizationmentioning
“…It should be clear at this point that I agree with Hirst and Thompson that the political order is becoming more polycentric with states seen as "one level" in a very complex system of often overlapping and competing agencies of governance. 113 As discussed elsewhere in this volume, states are no longer the sole source of political authority, private political authorities have emerged and coexist with public authorities in an complex, interwoven and ambiguous relationship.…”
“…The growth in global money and capital is fundamental to processes of globalization: 'without global money, there can be no global trade and industry, no modern forms of globalization' (Corbridge & Thrift 1994: 21). On the other side of the debate, more recent work has attempted to temper the enthusiasm for global economic integration, emphasising that many barriers to trade and local differences still remain and that national regulation and regional entities such as the European Union are still very important (Gill 1992;Peck & Tickell 1994;Hirst & Thompson 1992;1996). However, at a time when a vigorous debate has raged in human geography about the relative importance / distinctiveness of the 'economic and the cultural' (Sayer 1994;Barnes 1995), there has also been a huge literature produced on 'cultural globalization' and its relationship to the contemporary world economy (e.g.…”
Section: Economic and Cultural Globalizationmentioning
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