The information economy is global. A historically new reality, the global economy has the capacity to work as a 642-642 unit in real time on a planetary scale. Corporations and firms now have a worldwide base for skilled labor to tap. Capital flows freely between countries, and countries can utilize this capital in real time.
However, some critics claim that a true global economy has yet to be achieved. Stephen Cohen observes that the 642-825 mobility of labor is undermined by people’s xenophobia and stricter immigration laws. Multinational corporations still maintain their assets and strategic command centers in their home nations, and capital is still limited by banking and finance laws.
Castells, however, argues that even if globalization has not yet been fully realized, it will only be a matter of 642-892 time before this happens. Globalization will be affected by government regulations and policies, which will affect international boundaries and the structure of the global economy.
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