The function of the state as a symbol of identity has become increasingly important as major powers of the pre-Cold War era have given way to self-determination. The conventional role of the state has, however, simultaneously been challenged by the process of globalization which transcends such national boundaries. Barbara Emadi-Coffin seeks to explain this contradiction through a radical new theory. There are now 37,000 multinational corporations in the world, many of which are increasingly seen as being among the new centres of political and economic power. Barbara Emadi-Coffin analyzes the increasing interaction of multinational corporations, international organizations and transnational interest groups, such as Greenpeace and Amnesty International, in processes of the global political economy. Using examples of the free trade zones in Korea, the UK and the People's Republic of China, the author demonstrates these interactions. In so doing, she challenges prevailing notions surrounding International Organization theory. This is a challenging new perspective which should make fascinating reading for scholars of international organization, international political economy and international relations.