LINGUISTICS & CULTURE
|Data:||30/MAI/2011 3:16 PM|
|Assunto:||Footloose, not the movie!|
See if it helps:
Footloose foreign capital/Globally mobile capital. Capitalists move their capital between regions in search of the highest nominal reward simce its income is spent in the owner’s region regardless of where it is earned.
I think, this article will help us understand the meaning:
...according to the globalization orthodoxy, globally mobile capital leads to the interpenetrating of industries across borders and multinational corporations appear as the main actors, or the bearers of this process. They appear as *"footloose companies" that move without any restriction all around the world. In this view, power is located in the hands of global capital organized in the form of multinational corporations. In other words, power is ultimately belonging to an all-encompassing capital that transgresses and transcends national and regional barriers.
*Footloose companies/ Footloose foreign capital : Differente names/same mechanics, in my opinion. (I don't pretend to be an expert on this)
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