Handbook of the International Political Economy of the Corporation
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Handbook of the International Political Economy of the Corporation

Edited by Andreas Nölke and Christian May

Over the past few decades, corporations have been neglected in studies of international political economy (IPE). Seeking to demystify them, what they are, how they behave and their goals and constraints, this Handbook introduces the corporation as a unit of analysis for students of IPE. Providing critical discussion of their global and domestic power, and highlighting the ways in which corporations interact with each other and with their socio-political environment, this Handbook presents a thorough and up-to-date overview of the main debates around the role of corporations in the global political economy.
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Chapter 24: The modern financial corporation and global policy

Kevin Young

Abstract

This chapter focuses on the roles and importance of the modern financial corporation in the operation of global policy-making. It describes the prominence of the financial corporation as a key actor within political economy scholarship, pointing out that financial corporations are often considered to be qualitatively distinct from other kinds of interest groups in general, and even from organized business. The chapter then delineates several key functions of financial corporations as agents of great importance within global policy-making. First, financial corporations can influence policy through their normal business operations and the structural prominence that they exhibit as a result. Second, they can influence policy through their organized advocacy, both individually and through collective efforts with other firms. Third, financial corporations can play an influential role in shaping global policy through their enmeshment within elite networks.

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