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The Internationalisation of Production and Deindustrialisation


  • Cowling, Keith


We now live in an era where production and markets are controlled by giant corporations with a trans-national base. We also live in an era where national and international controls over trade and capital flows have been progressively reduced. The resulting combination of unified international markets and giant international firms bestriding them provides a ready mechanism for the processes of deindustrialisation to develop wherever the conditions for capitalist accumulation are weakened. In contrast to the earlier history of the development of monopolies and cartels around the turn of the century, when protectsionism was demanded to restrict or eliminate foreign competition in domestic and colonian markets, the new period of international oligopoly is characterized by demands on the part of the giant corporationsnfor free trade and the and the supranational institutions to pursue and sanction it : a global freedom to pursue accumulation, given their own dominance within the global system and given the threat, or potential threat, of organized labour and universal suffrage at the level of the nation state. It might be said we now have a neo-imperalism of free trade in similar vein to the nineteenth century British imperialism of free trade, but this time, rather than being of national orign, the imperialism is that of the Transnationals.

Suggested Citation

  • Cowling, Keith, 1985. "The Internationalisation of Production and Deindustrialisation," The Warwick Economics Research Paper Series (TWERPS) 256, University of Warwick, Department of Economics.
  • Handle: RePEc:wrk:warwec:256

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    References listed on IDEAS

    1. Svejnar, Jan, 1986. "Bargaining Power, Fear of Disagreement, and Wage Settlements: Theory and Evidence from U.S. Industry," Econometrica, Econometric Society, vol. 54(5), pages 1055-1078, September.
    2. Oswald, A. J., 1995. "Efficient contracts are on the labour demand curve: Theory and facts," Labour Economics, Elsevier, vol. 2(1), pages 102-102, March.
    3. Sampson, Anthony A, 1983. "Employment Policy in a Model with a Rational Trade Union," Economic Journal, Royal Economic Society, vol. 93(37), pages 297-311, June.
    4. Gylfason, Thorvaldur & Lindbeck, Assar, 1984. "Union Rivalry and Wages: An Oligopolistic Approach," Economica, London School of Economics and Political Science, vol. 51(202), pages 129-139, May.
    5. McDonald, Ian M & Solow, Robert M, 1981. "Wage Bargaining and Employment," American Economic Review, American Economic Association, vol. 71(5), pages 896-908, December.
    6. repec:fth:prinin:175 is not listed on IDEAS
    7. Oswald, Andrew J, 1982. "The Microeconomic Theory of the Trade Union," Economic Journal, Royal Economic Society, vol. 92(367), pages 576-595, September.
    8. Martin J. Osborne, 1984. "Capitalist-Worker Conflict and Involuntary Unemployment," Review of Economic Studies, Oxford University Press, vol. 51(1), pages 111-127.
    9. Andrew Oswald, 1984. "Efficient Contracts are on the Labour Demand Curve: Theory and Facts," Working Papers 555, Princeton University, Department of Economics, Industrial Relations Section..
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    Cited by:

    1. John Cantwell, 1987. "The Reorganization of European Industries After Integration: Selected Evidence on the Role of Multinational Enterprise Activities," Journal of Common Market Studies, Wiley Blackwell, vol. 26(2), pages 127-151, December.

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