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202           Communication,  Commerce and Power

           construct a new hegemonic order. In analyzing US micro processes in
           the  context  of relatively  macro  (national  and  international)  condi-
           tions, the potential for this kind of renewal can, I think, be identified.
           Due perhaps to a lack of detailed research on the nature of domestic
           US structures, and as a result of a recent tendency to privilege global
           forces  over domestic,  Cox and others have found it difficult to con-
           ceptualize this.  Given that the history presented in  this book reveals
           that the  American  state  has  acted  as  the  mediator  among  and  on
           behalf  of mostly  US-based  corporations  in  international  agencies
           involving their structural reform, such attention to domestic structures
           and struggles not only remains  analytically relevant,  it is strategically
           essential.
             In response  to  the  crisis  in  foreign  communication  policy  of the
           1980s,  components of the American  state were  reformed in  order to
           facilitate  its  mediation  of  more  comprehensive  efforts  in  global
           restructuring.  In sum,  the  American state - through the  ascendancy
           of trade- underwent reforms enabling it to service  the political and
           legal  needs  of mostly  transnational  corporations  and  international
           business consumers directly involved in information economy devel-
           opments. These modifications, in tum, altered aspects of US relations
           with  transnational  capital.  Rather than  viewing  this  in  terms  of an
           'either/or'  nation-state  or  global-capital  dichotomy,  an  analytical
           emphasis on structures and media direct us  toward  a  more sophist-
           icated conceptualization. This is not to say that the American state, by
           'freeing  up'  mostly  US-based  and  other  private  sector  interests  to
           become increasingly transnational actors has not set in motion prob-
           lematic  tendencies  involving,  for  example,  the capacity of US-based
           corporations  to  become  geographically  decentralized  and  mobile  in
           relation to their 'home' nation state. Rather than contradictions stem-
           ming from  reduced state capabilities to influence capital, a  focus  on
           structures and media suggests that core contradictions will involve the
           form in which the United States relates to capital. 9
             While the dominant position of the United States in service sector
           activities  has  been  greatly  enhanced  through  the  Uruguay  Round
           GA  'IT agreement  and  related  international  reforms,  the  doors  that
           these have opened for US-based corporations, however, could presage
           problems  for  the  American  and,  indeed,  the  international  political
           economy.  The  globalization  of information-based commodity activ-
           ities- facilitated through new technologies like DBS and complemen-
           tary institutional reforms- are now, for example, directly affecting the
           form  in  which  the  United  States  deals  with  international  financial
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