International negotiations are molding the global information economy. Traditional international relations analyses paid scant attention to negotiations and more attention to overall power differentials, usually among nation-states, in conceptualizing the global political economy. Scholars also showed that nation-states' interests could converge around each other without examining negotiations that may be the underlying motivators of such convergence. Analyses of eight important negotiations in this book demonstrate that negotiations matter the most in issues characterized by diffusion of power – referring to scenarios in which negotiations involve multiple actors and issues, two or more domestic coalitions (often transnational in scope) supporting these actors and issues, and, finally, market conditions that do not confer monopolistic power on any actor. In such cases, the negotiation process arbitrates the final outcome, often benefiting all parties, including the weaker powers in the negotiation. These outcomes differ from concentration of power scenarios, traditionally important in many international relations texts, in which a hierarchical distribution of power (either at the global systemic level or at the issue-structure level) is hypothesized as the causal variable for the outcome.