Social Scientist. v 10, no. 115 (Dec 1982) p. 46.


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46 SOCIAL SCIENTIST

is classified as indigenous in national computations really reflect industries with major shares under external control. In general computations of national shares, a large proportion of multinational industries get computed in national statistics. In the so-called joint ventures, local control is often confined to subordinate relationships of nominal stockholding by national 'frontmen9 as in Mexico, or national stock ownership without management prerogatives as in Chile, where major policy decisions affecting profits, investment, areas of operation are vested with the Western counterpart. Iran in the 1970's showed the dangers of dependent capitalism. Once American capital was made to 'leave, the industrial framework crumbled. History may repeat itself in these capitalist dependencies.

PRINCY DHARMARATNE

Colombo-based Sri Lankan writer on pioblems of imperialism and underdevelopment.

1 Manuel Castells, "Immigrant Workeis and Class Struggles in Advanced Capitalism", in Peasants and Proletarians (ed.ted by Robin Cohen, Peter Gutkind and PhUlis Brazier), Monthly Review Press, 1978.

2 James Petras, Critical Perspective on Imperialism and Social Class in the Third World, Monthly Review Press, 1978.

3 Andre Gunder Frank, Crisis in the World Economy, Hcinemann, 1980, ch. 6 ("Development of Crisis and Crssis of Development").

4 Ibid.

5 Newsweek, May 26, 1980; August 25, 1980; September 15, 1980; October 6, 1980; November 10, 1980; November 24, 1980; January 18, 1982; March 22, 1982.

6 "Singapore: A Third World Fascist State", Journal of Contemporary Asia, Vol 11, No. 2, 1981.

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