ABSTRACT
Capitalism and globalization seem to be locked in something of a dialectical embrace. It is with Marx, as the social theorist of capitalist development whose analysis continues strongly to color the debate over globalization. Marx is describing a process, one integral to the nature of modern capitalism that today is known as globalization. The International Monetary Fund (IMF) defines globalization as 'The increasing integration of economies around the world, particularly through trade and financial flows'. The World Bank advises policymakers to look to 'portable' pensions and healthcare as part of a strategy to minimize the impacts of globalization on the vulnerable. Export Processing Zones (EPZs) have been a characteristic organizational form of the globalization of production since they were introduced by the UN, IMF and World Bank, along with the governments of developing nations. Globalization has coincided not only the deregulation of international capital markets, but labors itself.
