A Brookings Institution Press and Chatham House publication Ninety percent of the world's oil reserves are entrusted to state-owned companies. Originally created as political instruments, these so-called national oil companies (NOCs) face new demands amid today's dwindling oil reserves and...

From a business standpoint, this book examines the limits to globalization, since companies are neither as international nor as open as commonly presented. Scholars of globalization have mainly concentrated on describing the global reach of companies, as well as their outward openness. They...