1. The rise in the power, resources and technological supremacy of the planetary or transnational corporations (TNCs) over the past three decades is the single most explosive issue of modern times. Pressing world issues such as food shortages, energy, ecology and environment, population, abject poverty, unemployment, inflation and science and technology can no longer be meaningfully discussed or resolved outside the influence of the giant TNCs.(1) These corporate business houses shape the structures of civilizations, life-styles ana human values. Political ideologies and conflicts, and international economic relations form a gigantic global jigsaw puzzle whose solution involves intricate relationships between nation States and TNCs.