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 imperialism and they are protected within the system.
             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". In line with the theory it is necessary to focus on the global capitalist system and the transnational capitalist class (TCC) in order to understand the nature of capitalism in different parts of the world.
             Sklair and Robbins divide the TCC into four fractions which are TNC executives, globalizing bureaucrats, globalizing politicians and professionals, and consumerist elites (merchants and media). The authors also clarify the tra...