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Review of Radical Political Economics
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U.S. Multinational Corporations and the Mobility of Productive Capital: A Skeptical View

Tim Koechlin

Department of Economics, Vassar College, Box 708, Raymond Avenue, Poughkeepsie, NY 12604, tikoechlin{at}vassar.edu

This article calls into question the view that investment has become essentially "global" in recent decades. The data presented here suggest that productive capital is in fact remarkably immobile. This raises questions about the extent to which capital mobility constrains progressive projects. The article concludes by suggesting ways that we might clarify our understanding of the accumulation process and its potential political consequences.

Key Words: globalization • capital mobility • direct foreign investment (DFI) • U.S. multinational corporations

Review of Radical Political Economics, Vol. 38, No. 3, 374-380 (2006)
DOI: 10.1177/0486613406290902
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