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      World Review of Political Economy

      Volume 1, Issue 3
       
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      WTO REGIME AS A NEW STAGE OF IMPERIALISM: DECAYING CAPITALISM AND ITS ALTERNATIVE

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      Journal: World Review of Political Economy
      Publisher: Pluto Journals
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            Abstract

            Big business corporations as monopoly capital control more than half of the world market share in major industries. In addition, with the establishment of the WTO (World Trade Organization) monopoly capital won governance over "trade rules." This ushered in a new era of corporate globalization. First, corporate globalization is characterized as a new stage of imperialism. Second, it can be characterized as a decaying capitalism. It does not secure a stable and sustainable life; on the contrary, it destroys it, because economic and political power, and therefore income, is concentrated in the monopoly capital. Therefore, for the people to realize a sustainable and stable community life, the corporate globalization regime must be abolished and the community must regain its governing power. This is a new strategy called localization, which is an alternative to the corporate globalization.

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            Journal
            Journal ID (jstor): worlrevipoliecon
            Journal ID (doi): 10.2307/j50005553
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            Publication date (Print): 1 October 2010
            Volume: 1
            Issue: 3
            Pages: 485-499
            Article
            DOI: 10.2307/41931884
            SO-VID: c770b672-ce66-400e-9961-157b3963fc01
            Copyright © © WORLD ASSOCIATION FOR POLITICAL ECONOMY 2010
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            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

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            ScienceOpen disciplines: Political economics

            Note

            1. Panitch and Gindin (2004)

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