Article Review
Sklair and Robbins in their article titled, "Global Capitalism and Major Corporations from the Third World", published in the Third World Quarterly, argue that in order to illuminate the discussions on the national bourgeoisie, comprador capitalism and globalization it is necessary to analyze the role of the major corporations from the Third World. Although there is extensive research done about the transnational companies from the First World, there isn't much about Third World TNCs. Yet, in fact, there is some literature concerning a number of low technology sectors in the Third World. However, the Fortune Magazine by its list of corporations by their revenues bring out that there are Third World companies that manage to take place in the top 500 firms around the World. Analyzing Third World Capitalism, Sklair and Robbins clarify the distinction of national bourgeoisie from the conventional form of imperialism that is claimed to have created a class of comprador capitalists who serve the interests of foreign masters. Whereas, in national bourgeoisie, the aim is struggling for national liberation by allying with nationalists. Another view of national bourgeoisie however, notes the capitalists of the Third World are no threat to
This new formation of a national bourgeoisie is unlike Transnational Class Alliance, don't cooperate with First World equivalent class only for its own interest but also shows strong ties with its origin constitute a fresh third approach to Dependency Theory. The results of examining the Fortune lists are summarized in the article as third world countries were always present in the list since its beginning and they were not restricted to a small number of countries, regions or industries. In the article there is very little reference to Newly Industrialized Countries (NIC) and still the authors were giving statistics considering just the two group of countries. According to Sklair and Robbins Third World TNCs should be viewed by the global system theory which says that "the dominant forces of global capitalism are the dominant forces in the global system". Also the state ownership of these TNCs is declining and on the contrary private firms are on the rise in number. Besides the extensive analysis made in the article, the division of First and Third World the authors assume has become outdated after the second half of the 1990s. TCCs play an integrating, leading role for the dominant classes by sharing the fundamental interest of private profit accumulation. Looking at the development levels, it seems impossible considering South Korea and Bahamas ie in the same group Thirds World. There were "134 corporations, listed in 28 different industries, headquartered in 29 Third World countries". Therefore, it is crucial to examine Third World TNCs, as well as the ones originated in the First World, in order to understand the global economic world order. It is noted that, TCC monopolizes the modern world by state-like structures of the large business corporations called the transnational corporations (TNCs). TCC seeks control over economy, politics and also on culture-ideology. The idea of national bourgeoisie and its broader form TCC don't fit the conventional Crude Version of the Dependency Theory which takes place side by side with the imperialism critique. And finally, TCC members view themselves as world citizens as well as they project images of their places of birth.
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Acceptance Essays
