Qatar Financial Centre (QFC) is a financial and business center established by the government of Qatar in 2005 to attract international financial services and multinational corporations to grow and develop the market for financial services in the region.

FORBES: China's Financial Centers Tumble in Global Survey

Sure, some power is shifting towards the financial markets, multinational corporations and supranational bodies such as the European Union.

ECONOMIST: Economic globalisation

Recent interest in bottom-of-the-pyramid consumers has caused some multinational corporations to modify their product offerings in the United States so that they are within the financial reach of consumers in South Asia.

FORBES: Why Consumers In Poor Countries Try Harder To 'Keep Up With The Joneses'

Think of multinational corporations clear-cutting tropical forests, home-grown movies being squeezed out by Hollywood blockbusters, and the Asian Financial Crisis.

CNN: Toward One World