Title
The hegemony of big corporations and the internationalization of capital: A stagnation model with restricted democracy
Document Type
Article
Publication Date
1-1-2021
Publication Title
Capital Movements and Corporate Dominance in Latin America: Reduced Growth and Increased Instability
Abstract
This chapter presents a multidimensional vision of the effects of multinational corporations in the process of capital accumulation in the Colombian economy. First, the vision of the post-Keynesian firm is developed concerning the behavior of the multinational corporation by introducing the financing of the firm in foreign currency and the corruption expenses as a factor that facilitates the operation of the firm in the host country. Then, Robinson’s theory of growth ages is incorporated in order to approach the historic patterns of capital accumulation and distribution in Colombia in the context of the recent phase of trade and financial globalization. The two approaches verify that Colombia’s rates of growth and accumulation have been affected negatively by the presence of the multinational corporations. Likewise, along with the deterioration of economic conditions multinational corporations have fueled the political conflict.
First Page
204
Last Page
221
ISBN
9781800372146,9781800372139
Recommended Citation
Cómbita-Mora, Gonzalo and Moreno-Rivas, Álvaro Martín, "The hegemony of big corporations and the internationalization of capital: A stagnation model with restricted democracy" (2021). Scopus Unisalle. 877.
https://ciencia.lasalle.edu.co/scopus_unisalle/877
Identifier
85129842640 (Scopus)