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Profit and Power

By Ronen Palan

Profit and Power

By Ronen Palan

- Default Title
Description
Why are Multinational Corporations so powerful and elites so wealthy while still operating within nation-state rules? Profit and Power examines how firms engage in legal transgression, operating at the edges of legality to maximize profits. Offering a practical analysis of jurisdictional arbitrage, Ronen Palan exposes the hidden mechanisms behind corporate power in globalization and reveals how the rule-based transgressor elite emerged through strategic use of MNC structures. Tracing the origins to the late nineteenth century, Palan focuses on centrally-coordinated multi-corporate enterprises (CCMCEs) - networks of legally independent yet interconnected firms. He explores the gap between the legal entity and the corporate group, a loophole long exploited to arbitrage national regulations, including taxation. This is the first systematic study of jurisdictional arbitrage and its impact on states and society. By analysing corporate decision-making within fragmented regulatory environments, it unveils the systemic role of legal ambiguity in shaping modern capitalism and corporate dominance.
Product details
Number of Pages:
270
Release Date:
2026-01-31
Publication Date:
2025-12-10
Publisher:
Cambridge University Press
Languages:
Original: English
ISBN10:
1009605275
ISBN13:
9781009605274
Weight:
546 g
Height:
157 cm
Width:
235 cm
Thickness:
19 cm
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