The structure of the control network of transnational corporations aﬀects global market competition and ﬁnancial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the ﬁrst investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We ﬁnd that transnational corporations form a giant bow-tie structure and that a large portion of control ﬂows to a small tightly-knit core of ﬁnancial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers.
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