One measure of what is happening is that changes in the international division of labor are resulting in a shift of the center of gravity for production activities of some global industries toward the oppressed nations. Only a generation ago, most of the global shifting of manufacturing activity was in apparel and consumer electronics. Now a much wider spectrum of manufacturing, agricultural, and service activities is globalized. Globalization has accelerated in the wake of the Soviet collapse and has been promoted through imperialist treaties, agreements, and policies. There is a global push toward deregulation and liberalization.
Globalization is a more recent development than internationalization .
It is not obliterating rivalry between monopolistic firms or between national-imperialist states, or the division of the world into oppressor and oppressed nations. Rather, globalization represents the heightening of some of the most essential features of imperialism. We, however, see a world economy in which the contradiction between the organization of production at the private ownership level and the anarchy of social production overall is intensifying on a world scale. This is a profound contradiction of the epoch. In seeking to maximize profits, capital, according to these theorists, has no loyalty to any state.