Social Scientist. v 7, no. 80-81 (March-April 1979) p. 57.

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Transnational Monopolies in the Developing Countries

TRANSNATIONAL monopolies (TNMs) are the product of the huge concentration of production and capital, resulting from the further widening of the state monopoly system, and the application to production of the conquests of the scientific and technological revolution. They are the product of the attempt by monopoly capital to solve the increasing contradictions of the marketing process by means of an external expansion. Whereas in the first stage of monopoly capitalism the expansion of banks, trading companies and raw material concerns was dominant, the export of capital by monopolies in the processing industries has come to the foreground today. Together with this international expansion one can observe an increasing intcrpenetration of industrial and banking capital, The consequent increase in their economic power enables the TNMs to exert a greater influence on the decisions of certain developed capitalist countries. The monopoly they have prevails not only in the field of economic activity, but it also ensures for them political and even military power positions.

As for the developing countries, without underestimating the role of political factors, it is necessary to state that the principal sources of conflict between them and the developed capitalist countries are today largely economic. The dismemberment of the

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