Most critical theorists argue that the capitalist class today pursues neo-imperialist policies. They account for globalization by emphasizing the new diverse actors that play significant roles in the global economy – some will also argue that some of these new actors present a possibility for resistance. Core states, MNCs, and international financial institutions are the major players in maintaining the dependent relationships. Core states used military power to keep peripheral states in line. MNCs are the direct arm of the capitalist class, that work in conjunction with peripheral elites to exploit materials and markets – elites allow MNCs in with favorable tax policies, exemptions from local law, the ability to break union activism – all creating a “race to the bottom” that worsens the situations of workers in the developing world. Developed world workers are also hurt by outsourcing – as the
This is the end of the preview. Sign up
access the rest of the document.