The basel chemical multinationals: Corporate action within structures of corporatism in Switzerland

This study is part of a developing corpus on the political economy of the multinational enterprise. It considers the embeddedness of the three Basel‐headquartered chemical multinationals in the ‘private and decentralised’ corporatism of the Swiss political economy. These companies enjoy privileged positions in a policy network weighted towards large business. Such corporate power is evident in the ‘self‐regulation’ of genetic engineering, which has nevertheless been politicised by interest group opposition. Indeed the agitation of ‘outsider’ groups has served to weaken the edifice of Swiss corporatism, the legitimacy of which has been called into question by the Swiss rejection of the European Economic Area. The article concludes with a criticism of corporate inactivity in the EEA referendum campaign, and points to the negative implications of the Swiss ‘No’ for the Basel MNEs.