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《Social Sciences in China》 2009-02
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The Influence of the Globalization of Monopoly Capital on China's Industrial Development

Qi Lan  
A concentrated manifestation of the globalization of monopoly capital is the control and domination of global trade, investment and technology by multinational corporations (MNCs) from developed countries. Recent developments reveal the extraordinary control they exercise, by means of outsourcing, over the global industrial value chain, a control that has an ever-deepening impact on China's industrial development. Viewed generally in both temporal and spatial terms, this has more positive than negative effects. However, as the MNCs' global industrial strategy unfolds in China, its negative effects have gradually become noticeable and have intensified. The automobile industry and the household appliance industry, for instance, have been more seriously affected than the general economy. The positive effects of the earlier period are in stark contrast to the negative effects that are now appearing. The fundamental reason for this is that in the course of introducing MNCs, China has signally neglected to build its own industries' capacity for independent innovation.
【Fund】: 国家社会科学基金重点项目“垄断资本全球化问题理论探讨”(批准号01AJL003);; 教育部人文社会科学项目“经济全球化对我国市场结构的影响”(批准号01AJL790074)的资助
【CateGory Index】: F124
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