Global Commodity Chains and the New Imperialism

To comprehend twenty-first-century imperialism we must go beyond analysis of the nation-state to a systematic investigation of the increasing global reach of multinational corporations or the role of the global labor arbitrage. At issue is the way in which today's global monopolies in the cente...

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Bibliographic Details
Published in:Monthly review (New York. 1949) 2019-03, Vol.70 (10), p.1-24
Main Authors: Suwandi, Intan, Jonna, R Jamil, Foster, John Bellamy
Format: Article
Language:English
Subjects:
Analysis
Capitalism
Commodities
Companies
Compensation
Consumption
Economic aspects
Employment
Imperialism
International aspects
International business enterprises
International trade
Modes of production
Multinational corporations
Production management
Supply and demand
Supply chains
System theory
Value (Economics)
Variables
Wages & salaries
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Summary:To comprehend twenty-first-century imperialism we must go beyond analysis of the nation-state to a systematic investigation of the increasing global reach of multinational corporations or the role of the global labor arbitrage. At issue is the way in which today's global monopolies in the center of the world economy have captured value generated by labor in the periphery within a process of unequal exchange, thus getting "more labour in exchange for less. The result has been to change the global structure of industrial production while maintaining and often intensifying the global structure of exploitation and value transfer.
ISSN:0027-0520
0027-0520
DOI:10.14452/MR-070-10-2019-03_1