Globalisation of Capital, Multinational Corporations and Labour-Towards a Perspective

In the pursuit of strategies of accumulation and profitability global capital is pushing through an increasingly 'borderless world1 and emerging as the dominant global social-economic-cultural power. The other side of the coin is the emergence of a global working class(es) working directly or indirectly for global capital. This article examines the manner in which companies, especially in Asia, are globalising and the strategies they tend to follow. Strategies adopted by a leading multinational, British American Tobacco, and its Indian affiliate, itself aspiring to become a multinational, are examined as illustrative of a generalising phenomenon.