Wednesday, June 28, 2017
Jayati Ghosh on Imperialism in the 21st Century
ALSO STUDY : ASPECTS OF INDIA'S ECONOMY
No. 68: Neoimperialism and Labor Compression
"Neoimperialism, by way of a new international division of labour, has emerged in the shape of ‘global value chains’ over the last two to three decades. Taking advantage of increased openness of developing countries to foreign investment, transnational corporations based in the developed countries have fragmented production processes across different low-wage locations.
"Only a negligible share of the value is captured in the developing countries, and the rest is captured in the developed countries, the lion’s share by the transnational corporations. The widespread labour protests in Asia clearly testify to the reality of compression (degradation and repression) of labour in these chains."
FOR A REVOLUTIONARTY CRITQUE OF PRABAT PATNAIK ON IMPERIALISM READ:
Posted by nickglais on 6/28/2017 03:13:00 AM