Globalization can be seen as a process of worldwide interlinkage of social actions, which transcends local contexts and institutions and thus increases in importance beyond the regional level (Giddens 1990; Scherer 2003; Scherer/Palazzo 2008). This is particularly true in the case of economic activity. In globalization, doing business crosses territorially defined borders, leading to a mismatch between political control on the one hand and economic activity on the other. The congruence between the area covered by state regulation and the area where economic and social interaction actually unfold thus disappears (Zürn 1998). Under these conditions the private economy no longer develops within the rules dictated by state politics; rather, the economy is likely to dictate to politicians (Gray 1999; Höffe 1999).