Globalization? No Question! Foreign Direct Investment and Labor Commanded

Massimo De Angelis and David Harvie
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Massimo De Angelis: School of Social Sciences, Media and Cultural Studies, University of East London, Dockland Campus, University Way, London E16 2RD, M.DeAngelis@uel.ac.uk
David Harvie: School of Management, Ken Edwards Building, University of Leicester, Leicester LE1 7RH

Review of Radical Political Economics, 2008, vol. 40, issue 4, 429-444

Abstract: Skeptics of the globalization thesis argue that most Third World countries are “virtually written off the map†(Hirst and Thompson 1999) in terms of foreign direct investment and trade. The authors reexamine the empirical evidence on international investment, drawing on the concept of labor commanded. Recalculating foreign direct investment flows in terms of labor-commanded hours instead of U.S. dollars, the authors find developing countries to be highly integrated into the global economy.

Keywords: labor commanded; foreign direct investment; globalization; capitalism (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:40:y:2008:i:4:p:429-444

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