Skip to main content

Posts

Showing posts with the label “finance capital”

Imperialism in Context – The Case of France

After reading Serfati’s analysis, I would consider his essay as an introduction to why the French state and its ruling class act the way they do at home and abroad . France has maintained a major role on the international scene, especially militarily, despite experiencing a relative decline in world economic power since the 1990s. In 2011, it ranked fifth in terms of military spending and sixth in terms of arms exports. It is a major zone of capital accumulation in the world economy and is centrally integrated into the global dynamics of economic, political, and military power. The overall closeness of elites in state institutions and large transnational corporations. French TNCs are increasingly dependent on profits earned in emerging or peripheral economies. when analysing the role of France in Africa, one must consider an interrelated set of economic, geopolitical, and domestic socio-political drivers. In 2009, France ranked third as a trading partner with Africa as a continent, beh