A New Transnational Corporate Social Structure of Accumulation for Long-Wave Upswing in the World Economy?

Abstract

This article examines whether a new transnational corporate social structure of accumulation (SSA) has emerged in the global economy to promote long-wave upswing. It explores the main tendencies of the transnational corporate system; three main engines of potential growth; and the evidence of profitability, accumulation, productivity, and growth. Then the dominant contradictions are surveyed. Overall, a new transnational corporate SSA does not seem to be operating, and long-wave upswing is not evident for the global corporate economy.