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Financialization and the multinational corporation

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  • Glenn Morgan

Abstract

The terrain on which states, trade unions and social movements confront multinational corporations has changed dramatically over the last two decades as a result of two phenomena – the disaggregation of the supply chain and the financialization of corporations. Trade unions and social movements have increasingly challenged the inequalities and unfairnesses which have emerged from the globalization of supply chains. However, issues of financialization, although increasingly high profile since 2008, have generally been treated separately. This article argues that the two phenomena are integrally related within the same process of neoliberal globalization. It argues that trade unions and social movements need to connect together issues to do with the relocation and restructuring of employment with issues of financialization and the need for financial reform. Change will only be effective if it occurs across both these types of processes.

Suggested Citation

  • Glenn Morgan, 2014. "Financialization and the multinational corporation," Transfer: European Review of Labour and Research, , vol. 20(2), pages 183-197, May.
    • Handle: RePEc:sae:treure:v:20:y:2014:i:2:p:183-197
    DOI: 10.1177/1024258914525561
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    References listed on IDEAS

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    1. Picciotto,Sol, 2011. "Regulating Global Corporate Capitalism," Cambridge Books, Cambridge University Press, number 9781107005013, January.
    2. Whitley, Richard, 2007. "Business Systems and Organizational Capabilities: The Institutional Structuring of Competitive Competences," OUP Catalogue, Oxford University Press, number 9780199205189.
    3. Picciotto,Sol, 2011. "Regulating Global Corporate Capitalism," Cambridge Books, Cambridge University Press, number 9780521181969, January.
    4. Grahame Thompson, 2014. "From Artisan to Partisan," Journal of Cultural Economy, Taylor & Francis Journals, vol. 7(1), pages 95-120, February.
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    Cited by:

    1. Leonard Seabrooke & Saila Stausholm, 2024. "The firm-territory nexus in a fragmented economy: Scales of global value and wealth chain entanglement," Environment and Planning A, , vol. 56(8), pages 2213-2231, November.
    2. Evelyne Léonard & Valeria Pulignano & Ryan Lamare & Tony Edwards, 2014. "Multinational corporations as political players," Transfer: European Review of Labour and Research, , vol. 20(2), pages 171-182, May.

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