| Abstract: | Research's major concern with transanational corporations (TNCs) in Africa must evolve around the impact of TNCs on the process of capital accumulation. In studying capital accumulation, two fundamental sets of issues must be clearly formulated: the institutional framework, and the 'determinanta' of the accumulation process. The former deals with matters relating to the 'rules of the game' and involves, amongst other, the nature of the state and its relation with capital. The second set of issues must include elements such as the stock and pattern of foreign investments, technical conditions of production, the 'wage bargain' (wage-profit relation) and conditions in the labour market, the degree of monopoly, thriftiness conditions (i.e. the saving behaviour of those controlling the economic surplus), structure of production, investment policies, financial conditions and trade relations. Notes, ref., tab. |
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