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Academic literature in International Relations suggests that States are no longer the most important players. With the emergence of NGO's, Intern-Governmental Organizations and multinational corporations , it may seem that the State has become just another player of International Politics in the competition for power in the international arena and to a certain extent even for ruling its own territory free from the influence of other international players.
It is hard to dispute the reality that Multinational Corporations have considerable power in affecting the course of policy world-wide. Some Multinational Corporations have more wealth than some developing countries ( http://news.mongabay.com/2005/0718-worlds_largest.html ) With such powerful playwers in the international arena, have they displaced governments as the sole desicion-makers and agenda setters? If they haven't, will they do so in the future?
Who has more power now?