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Multinational Corporations and the U.S. Economic Crisis: A Theoretical and Empircal Analysis

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  • Fikret Ceyhun

    (Department of Economics, University of North Dakota, Grand Forks, ND 58202, ceyhun@badlands.nodak.edu)

Abstract

This paper is a dialectical analysis of U.S. capital's response to the long term decline in the rate of profit. United States capital has become more global in the second half of the twentieth century. The expansion of multi-national corporations in this search for higher profits has undermined the accumulation of capital at home and deepened the U.S. economic crisis.

Suggested Citation

  • Fikret Ceyhun, 1997. "Multinational Corporations and the U.S. Economic Crisis: A Theoretical and Empircal Analysis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 29(4), pages 42-91, December.
    • Handle: RePEc:sae:reorpe:v:29:y:1997:i:4:p:42-91
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