Financialization and the Multinational Corporation

Glenn Morgan

    Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

    Abstrakt

    The terrain on which states, trade unions and social movements confront multinational corporations has changed dramatically over the last two decades as a result of two phenomena – the disaggregation of the supply chain and the financialization of corporations. Trade unions and social movements have increasingly challenged the inequalities and unfairnesses which have emerged from the globalization of supply chains. However, issues of financialization, although increasingly high profile since 2008, have generally been treated separately. This article argues that the two phenomena are integrally related within the same process of neoliberal globalization. It argues that trade unions and social movements need to connect together issues to do with the relocation and restructuring of employment with issues of financialization and the need for financial reform. Change will only be effective if it occurs across both these types of processes.
    OriginalsprogEngelsk
    TidsskriftTransfer: European review of Labour and Research
    Vol/bind20
    Udgave nummer2
    Sider (fra-til)183-197
    ISSN1024-2589
    DOI
    StatusUdgivet - 2014

    Emneord

    • Multinationals
    • Financialization
    • Global commodity chains

    Citationsformater