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Transnational Class Formation? Globalization and the Canadian Corporate Network

Journal of World-Systems Research

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Title Transnational Class Formation? Globalization and the Canadian Corporate Network
 
Creator Klassen, Jerome
Carroll, William K.
 
Description The issue of transnational class formation has figured centrally in recent debates on globalization. These debates revolve around the question of whether or not new patterns of cross-border trade and investment have established global circuits of capital out of which a transnational capitalist class has emerged. This paper takes up the notion of transnational class formation at the point of corporate directorship interlocks. Using Canada as a case study, it maps the changing network of directorship interlocks between leading firms in Canada and the world economy. In particular, the paper examines the role of transnational corporations (TNCs) in the Canadian corporate network; the resilience of a national corporate community; and new patterns of cross-border interlocking amongst transnational firms. Through this empirical mapping, the paper finds a definite link between investment and interlocking shaping the social space of the global corporate elite. Corporations with a transnational base of accumulation tend to participate in transnational interlocking. While national corporate communities have not been transcended, transnational firms increasingly predominate within them, articulating national with transnational elite segments. This new network of firms reconstitutes the corporate power bloc and forms a nascent transnational capitalist class.
 
Publisher University Library System, University of Pittsburgh
 
Date 2011-08-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/418
10.5195/jwsr.2011.418
 
Source Journal of World-Systems Research; Volume 17, Issue 2, 2011; 379-402
1076-156X
 
Language eng
 
Relation http://jwsr.pitt.edu/ojs/index.php/jwsr/article/view/418/430
 
Rights Copyright (c) 2015 Jerome Klassen, William K. Carroll
http://creativecommons.org/licenses/by/4.0