In the last two decades, economic clout of global corporations has scaled unprecedented heights. Does this suggest the end of nation-states? Not at all, says the author. With the help of contemporary examples, the author argues that the role of state has been critical in shaping the present trajectory of corporate-led global economy.

This paper critically examines in detail two most controversial and complex issues related to TNCs namely, mergers and acquisitions and transfer pricing. The author calls upon anti-corporate activists and movements to rethink their strategies in order to…

Indian financial markets are among the most speculative and volatile in the world. To curb unproductive speculation and excessive volatility, the author proposes a Securities Transaction Tax (STT) of 0.25 per cent. The author argues that the wider economic and developmental gains of taxing speculative money in stock markets are more than the private gains of a handful of speculators, financiers and traders.

The paper provides legitimate grounds for imposing a STT on Indian financial markets. It underscores the point that the obstacles to put restrictions on speculative trading are…