Transnational Economic Processes EDWARD L.MORSE CHANGEs in the structure of the global economy have resulted in a withering of governmental control of certain activities presumed to be de jure within the domain of governments.The international monetary crises of the Igoos have demonstrated the emergence of financial markets that seem to operate beyond the jurisdiction of even the most advanced industrial- ized states of the West and outside their individual or collective control.The flourishing of multinational corporations has affected the national science and economic growth policies of highly developed and less developed states alike by restricting the freedom of those governments to establish social priorities. Tariff reductions carefully and arduously negotiated on a multilateral basis through the General Agreement on Tariffs and Trade (GATT),through bilateral arrangements,or through emergent regional economic organizations have similarly increased the number of relatively nonmanipulable and un- known factors which must be accounted for in planning a wide spectrum of domestic and foreign economic policies-from regional development policy or anti-inflationary efforts on the domestic side to the international exchange rate of a state's currency. Whether these factors have become so significant as to render obsolete the state-centric view of international political and economic relations is a ques- tion which can be answered only when the limits upon restrictions on govern- mental operations become more clearly defined.It is,however,now obvious that the state-centric view must at least be modified and supplemented by additional frames of reference so that the factors which have impaired the effi- cacy of state-level decisionmaking processes can be more coherently analyzed. This essay is concerned with one set of factors salient in twentieth-century international relations which cannot satisfactorily be dealt with through tradi- tional references to autonomous national states.These factors are predomi- EpwARD L.MoRsE is assistant professor of politics and international affairs at the Woodrow Wilson School of Public and International Affairs and a faculty associate of the Center of International Studies,Prince- ton University,Princeton,New Jersey. 373