Transnational Capitalism

Although they are often used interchangeably, the idea of transnational capitalism should be clearly distinguished from the idea of international capitalism. International capitalism refers to the relations between capitalist entities doing business within the national economies of all the countries in the world considered to be capitalist and between these countries (international trade). Transnational capitalism refers to the sum of all the relations between economic agents whether they are state or private or of other mixed forms, any part of which crosses state borders. Whereas, for many practical purposes, the world is still organized in terms of discrete national economies, transnational capitalists conceptualize their interests in terms of markets, which may or may not coincide with a specific country or part of it, and the ...