States versus Corporations: Rethinking the Power of Business in International Politics

Over 25 years ago, Susan Strange urged IR scholars to include multinational corporations in their analysis. Within IR and IPE discussions, this was either mostly ignored or reflected in an empirically and methodologically unsatisfactory way. We reiterate Strange's call by sketching a fine-grain...

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Bibliographic Details
Published inThe International spectator Vol. 52; no. 4; pp. 20 - 43
Main Authors Babic, Milan, Fichtner, Jan, Heemskerk, Eelke M.
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 02.10.2017
Taylor & Francis Ltd
Subjects
Interlocking directorates
international political economy
International relations
Multinational corporations
Organizational power
Ownership
Political economy
Power
State power
states
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Summary:Over 25 years ago, Susan Strange urged IR scholars to include multinational corporations in their analysis. Within IR and IPE discussions, this was either mostly ignored or reflected in an empirically and methodologically unsatisfactory way. We reiterate Strange's call by sketching a fine-grained theoretical and empirical approach that includes both states and corporations as juxtaposed actors that interact in transnational networks inherent to the contemporary international political economy. This realistic, juxtaposed, actor- and relations-centred perspective on state and corporate power in the global system is empirically illustrated by the example of the transnationalisation of state ownership.
ISSN:0393-2729
1751-9721
DOI:10.1080/03932729.2017.1389151