2004•Journal of Anhui Normal UniversityRequires access

Expansion of the basic contradiction of capitalism in the economic globalization age

Zhao Jing-feng

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Abstract

Economic globalization helps capitalism develop beyond the nations and grow from national monopoly capitalism to international monopoly capitalism. International monopoly capitalism urges the development of capitalist economy to some extent and open new space for the adjustment and development of capitalist production relations. On the other hand, it doesn't eliminate but deepen the basic contraction of capitalism.

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Economic globalization helps capitalism develop beyond the nations and grow from national monopoly capitalism to international monopoly capitalism. International monopoly capitalism urges the development of capitalist economy to some extent and open new space for the adjustment and development of capitalist production relations. On the other hand, it doesn't eliminate but deepen the basic contraction of capitalism.

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Available abstract

Economic globalization helps capitalism develop beyond the nations and grow from national monopoly capitalism to international monopoly capitalism. International monopoly capitalism urges the development of capitalist economy to some extent and open new space for the adjustment and development of capitalist production relations. On the other hand, it doesn't eliminate but deepen the basic contraction of capitalism.

Key concepts: Capitalism, Monopoly, Contradiction, Globalization, Economics, Market economy, Economic system, Neoclassical economics

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