This new collection of essays by an international group of lawyers and social scientists examines the pattern of regulation now being put in place to cope with the major transformation in the territorial organization of economic activity and of political power. The essays address the question of how legal institutions will emerge to mediate the dynamic of the new international marketplace; the technical problem of selecting the appropriate level of government for economic regulation; and the concern that the global economy's operation outside of the control of national regulation will, absent of developed international legal institutions, frustrate the democratic process.