search query: @author Cowling, K. / total: 6
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| Author: | Cowling, K. |
| Title: | Monopoly capitalism and stagnation |
| Journal: | Review of Political Economy
1995 : OCT, VOL. 7:4, p. 430-446 |
| Index terms: | MONOPOLY CAPITALISM ECONOMIC ADVISERS |
| Language: | eng |
| Abstract: | Josef Steindl argued that his explanation of the stagnationist tendency of the first third of the twentieth century could not be straightforwardly applied to that of the last third because of the rise in the power of labour and the growth of international competition (Steindl, 1990). This article examines the dynamic interactions between these features of the system and concludes that the rise to dominance of the transnational organization of production over the past 30 years has, at one and the same time, created an intense international competition for jobs and eroded the disciplines of international competition in the product market by internalizing within the modern corporation the processes and impact of international trade. |
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