‘World Capitalism (Bangladesh) Ltd’, this was the title of an article that I wrote 17 years ago to theorize the location of Bangladesh in world capitalist system drawing parallel with the structural setting of multinationals around the world. Multinational Corporations are the institutional face of International monopoly capital, do their business around the world with their subsidiaries. Subsidiaries may have autonomy but that do work under global plan and strategy of the corporate centre or principal. What I wanted to show that the status of the peripheral countries like Bangladesh were gradually turning into mere subsidiaries in global capitalist system.

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