Transnational Capitalism

An Interview with William Robinson,
April 13, 2007

The key characteristic of this new epoch is the rise of truly transnational capital and a new globally integrated production and financial system. Production has become fragmented into countless and constantly changing phases that are decentralized and dispersed across the planet. In turn, the distinct segments are functionally integrated into vast global chains of production and distribution. Each autonomous national economy has been restructured and externally integrated, so that each “national” economy because a constituent part of the larger global production system...
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