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Towards Capitalist Restoration? pp 132–147Cite as

The Open Door to Foreign Capital

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Abstract

The issue does not pertain to ‘the opening up’ of trade per se, but rather to the precise nature and framework whereby trade and foreign investment take place. Trade with foreign capital is established in the context of particular social relations and class interests. Technology transfer and licencing agreements, joint equity ventures, compensation trade and the formation of extra-territorial ‘development zones’ proceed alongside the reforms in factory management,wage scales and labour discipline. In turn, these reforms in the structure of the labour process reinforce the development of trade and foreign investment ‘along capitalist lines’ by creating the appropriate social and organisational conditions at the level of the individual factory.

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References

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Author information

Authors and Affiliations

  1. Aylmer, Québec, Canada

    Michel Chossudovsky

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  1. Michel Chossudovsky
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© 1986 Michel Chossudovsky

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Chossudovsky, M. (1986). The Open Door to Foreign Capital. In: Towards Capitalist Restoration?. Palgrave, London. https://doi.org/10.1007/978-1-349-18415-6_8

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