Does Globalization Undermine Democracy?

The World's biggest companies operate across borders, commanding not just great economic power but also, many argue, political power commensurate with their commercial power. What does this mean for democracy? If international corporations and bond markets have more sway with governments than their own electorates, will democracy thereby be "hollowed out"? In this new integrated world, can democratic preferences still be expressed and realized? What price, if any, will countries pay for such preferences?

Festival: 2006

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