"On globalization’s parallel track, demarcated by markets rather than territorial boundaries, corporations and firms have displaced nation-states as the key players on the international scene. They more often use the political institutions created by nation-states to work their will than they are used by those states to enact sovereign political objectives. Even philanthropies such as the Clinton Foundation, the Gates Foundation, and the Ford Foundation have become weighty actors in the international marketplace, boasting an economic clout that many nation-states cannot begin to exercise."
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Sources
Benjamin R. Barber, (Spring 2008). "Shrunken Sovereign: Consumerism, Globalization, and American Emptiness". World Affairs. Retrieved 23 April 2013.
https://en.wikiquote.org/wiki/Globalization
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Globalization
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