Introduction to Part II
Introduction to Part II
The second part of this book explains the position of global firms in the World Power System and how a renewed understanding of the effective structure of the Power System can lead to an adjustment of their role. Today’s World Power System is facing obvious difficulties to address potentially deadly issues such as climate change. This is in part due to the globalization of firms and of value chains which make it almost impossible for States to fulfil their internalizing and redistributive functions. States are now in the uncomfortable position of having to behave both as the whole and as the part, as the container and the content, as the inclusive instance of power and as a mere component included in a larger Power System....
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