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The Network of Global Corporate Control

Open Access Peer-Reviewed
Research Article

The Network of Global Corporate Control

  • Stefania Vitali,
  • James B. Glattfelder,
  • Stefano Battiston mail

  • Published: Oct 26, 2011
  • DOI: 10.1371/journal.pone.0025995

Abstract

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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James B. Glattfelder: Complex systems theorist

http://on.ted.com/Glattfelder


Speakers James B. Glattfelder: Complex systems theorist

James B. Glattfelder
James B. Glattfelder aims to give us a richer, data-driven understanding of the people and interactions that control our global economy. He does this not to push an ideology -- but with the hopes of making the world a better place.

Why you should listen to him:

First a physicist and then a researcher at a Swiss hedge fund, James B. Glattfelder found himself amazed by the level of understanding we have in regards to the physical world and universe around us. He wondered: how can we move toward a similar understanding of human society?
This question led him to the study of complex systems, a subject he now holds a Ph.D in from the Swiss Federal Institute of Technology. Glattfelder is co-head of quantitative research at Olsen Ltd in Zurich, an FX investment manager focusing on market-stabilizing algorithms. In 2011, he co-authored the study “The Network of Global Corporate Control,” which went viral in the international media and sparked many controversial discussions. The study looked at the architecture of ownership across the globe, and computed a level of control exerted by each international player. The study revealed that less than 1% of all the players in the global economy are part of a highly interconnected and powerful core which, because of the high levels of overlap, leaves the economy vulnerable.
In his free time, Glattfelder enjoys snowboarding, rock climbing, surfing and listening to electronic music.
Read more about James B. Glattfelder on the TED Blog »
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Quotes by James B. Glattfelder

  • “We're actually really lucky that [physics] works, because no one knows why the thoughts in our heads should relate to the fundamental workings of the universe.” Watch this talk »
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Trim Tab - in portuguese

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