A new world economic order is being fashioned by global corporations. With few restraints and controls, they are able to move capital, jobs and factories to Mexico, China, Honduras and Bangladesh. Of the 100 largest economies in the world, 51 are corporations. Wal-Mart is bigger than 161 countries.

John Cavanagh
John Cavanagh is a specialist in international trade, economics and development issues. He is a Fellow at the Institute for Policy Studies and the Transnational Institute in Washington, D.C. He is the co-author of Global Dreams: Imperial Corporations in the New World Order.