Financialization and the multinational corporation

Morgan, Glenn 2014. Financialization and the multinational corporation. Transfer: European Review of Labour and Research 20 (2) , pp. 183-197. 10.1177/1024258914525561

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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. © The Author(s) 2014.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Uncontrolled Keywords:	financialization; global commodity chains; Multinationals
Publisher:	SAGE Publications
ISSN:	1024-2589
Last Modified:	26 Feb 2019 14:32
URI:	https://orca.cardiff.ac.uk/id/eprint/85823

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