This critical analysis of long-term trends and recent developments in world systems examines such questions as: Will the cycles of boom and bust, peace and war of the past 500 years continue? Or have either long-term trends or recent changes so profoundly altered the structure of world systems that these cycles will end or take on a less destructive form? The noted international contributors to this volume examine the question of future dominance of the core global systems and include comprehensive discussions of the economic, political and military role of the Pacific Rim, Japan and the former Soviet Union.
Chapter 8: Who Has the Most Fortune 500 Firms? A Network Analysis of Global Economic Competition, 1956–89
Who Has the Most Fortune 500 Firms? A Network Analysis of Global Economic Competition, 1956–89
We examine three aspects of the late twentieth century international system: (1) economic dominance or hegemony by a single state, (2) economic competition between states, and (3) the changing industrial composition of the overall world economy. There are many sources of data for such analysis, from a nation's percentage of world trade to its percentage of world GDP. There is, though, a unique source of data on the size, industry, and national headquarters of large multinational corporations. This is the annual ranking by Fortune magazine of the world's largest 50 business enterprises. The multinational ...