mbol of the american way of life, is very simply, no longer american!Part of the reason these strategic corporate alliances are so hard to control is because in 1996, about one-third of the world’s $6 trillion trade in goods and services occurred within multinationals – that is, from one branch to another. Another third of world trade was between different multinationals. So, multinationals accounted for two-thirds of the 1996 world trade.There is no debate that MNCs are now undoubtedly a permanent and influential force in the international arena. State sovereignty is being threatened by the ever-increasing power of MNCs, which and I hate to use a clich, but they are making the global village smaller and smaller. As stated in the UN Commission on Transnational Corporations, “Many issues related to corporate responsibility cannot be resolved satisfactorily in the context of a single national legal regime…. Globalization of business activity-problems...are beyond the capacity of national regimes of governance”. ...
