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I am adopting here the convention, disputed by some, of distinguishing between 'multinational' corporations, which operate in several countries but which are essentially extensions of firms rooted in the national economy and socio-political structure of their 'home' countries, and 'transnational' firms, whose production and management structures, personnel, financing, strategy, and so on, genuinely cut across borders and nationalities - so that they become 'rootless' and potentially 'footloose,' to use Robert Reich's terminology in The Work of Nations: Preparing Ourselves for 21st-Century Capitalism (New York: Knopf 1991).
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A quango, or quasi-autonomous non-governmental organization, is an authoritative body licensed by the state to cany out public regulatory functions but made up of appointed representatives of private sector interests. It is probably best considered to be a variant of state corporatism.
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