Jain's effort to define and promote a worldwide confederation of governments, companies, and interest groups that would set rules on multinational company activities is an admirable step toward development of needed global institutions. His analysis points out the many benefits produced by these companies, and the need to harness their positive contributions while responding to their activities that diverge from broad public interest. Jain has raised an excellent concept (of the Global Business Confederation), and one that should be explored in careful detail in today's globalized world. -Robert Grosse Professor of Economics, Thunderbird The American Graduate School of International Management