ABSTRACT
The evidence of cross-national trade and investment and the rapid growth of international financial markets create an impression that something about how the world's economy operates is different from what it was at the beginning of the 1970s. Internationalisation is posed in terms of the growing impact of the 'external sector' on the national economy. The understanding of internationalisation, therefore, is not in terms of global integration, but cross-national interaction. The relation between the intenationalisation of capital and national forms therefore has some dimensions. The dominance of money within internationalisation has served to internationalise most all individual capitals through their call on money capital to fund investment. Capital as value moves between the forms of money, production and commodities in a process of competition. This is not just competition in the neo-classical sense of market structures, but the process in which capitals seek a maximum share of total surplus value.
