In the era of globalization, the role of multinational corporations (MNCs) is increasing in importance while the influence of nation-states is in a corresponding decline. Jain contends that this trend will benefit the cause of worldwide economic prosperity, which MNCs alone are positioned to deliver.
Jain advances the idea of a global institutional framework for multinational corporations to deliver worldwide economic prosperity through globalization.
Jain (international business, U. of Connecticut School of Business), believes corporate globalization to be "the most powerful force for good the world has seen," but he fears it could be in danger from its inability to successfully counter its critics' concerns about environmental, labor, and poverty issues or an inability to overcome regionalism. He proposes a "global business confederation" as a treaty-based international body that would regulate over nation-states in policy areas such as taxation, state procurement policies, labor and environmental regulations, investment promotion, merger policy, and seemingly everything else that might affect a corporation or impede corporate globalization. Annotation (c) Book News, Inc., Portland, OR (booknews.com)
