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Introduction

In: The Nationalisation of Multinationals in Peripheral Economies

Author

Listed:
  • Julio Faundez
  • Sol Picciotto

Abstract

The multinational enterprise is emerging as the dominant form of productive unit in the contemporary world capitalist system. Orthodox economic indicators provide some familiar evidence about the importance of this new form of private enterprise.1 But this evidence, though impressive, does not by itself reveal the qualitative change involved in the emergence of multinational enterprise. This new form of organisation, based upon a flexible internal structure and on the capacity to mobilise vast resources towards the development of new technology, can effectively integrate and orchestrate world-wide operations, thus acquiring a monopolistic control over key sectors of production. Multinational enterprise marks a new stage in the process of concentration and centralisation of capital on a world scale.

Suggested Citation

  • Julio Faundez & Sol Picciotto, 1978. "Introduction," Palgrave Macmillan Books, in: Julio Faundez & Sol Picciotto (ed.), The Nationalisation of Multinationals in Peripheral Economies, chapter 0, pages 1-16, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-03619-6_1
    DOI: 10.1007/978-1-349-03619-6_1
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