The dynamics of the existence and the expansion of global capital in an unrecognized state: The case of multinational corporations and transnational corporations in the Turkish Republic of Northern Cyprus

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2019-8

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Demirel, Atay

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This thesis studies the dynamics of the existence and expansion of MNCs and TNCs, as the representatives of global capital, in the TRNC within the context of embargoes and non-recognition in the international area. By this way, a better understanding will be provided on what mechanisms the MNCs/TNCs use to expand their operations all over the world. In this regard, the main research questions of this thesis are; ‘What are the dynamics of the existence and expansion of global capital in the forms of MNCs and TNCs in the TRNC as an unrecognized state?’ and ‘How, and by using which tools and mechanisms do the MNCs and the TNCs exist, evolve, operate, and expand their capital in the TRNC market?’. By using a Marxist theoretical framework, this thesis hypothesizes that global capital would expand to any territory, including unrecognized, quasi-legal states, to overcome its crisis. Therefore, the mechanisms, tools, and processes used by the MNCs/TNCs in their operating processes within the TRNC, and the dynamics and the forces behind investing in the TRNC despite the risks of illegality were investigated by conducting a field study. The field study was conducted through semi-structured in-depth interviews and cross-sectional surveys based on a sampling that consists of nine participants who are representing thirteen establishments of thirteen different MNCs/TNCs operating in the TRNC. The findings of this research support the hypothesis and show that the MNCs and the TNCs use extraordinary tools and mechanisms in order to expand and legalize their investments in the TRNC.

Subject Keywords

Crises Of Capital, Globalization, Multinational And Transnational Corporations, Quasi-States / Unrecognized States, Capital Expansion

URI

https://hdl.handle.net/11511/69715

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Northern Cyprus Campus, Thesis

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Citation Formats

A. Demirel, “The dynamics of the existence and the expansion of global capital in an unrecognized state: The case of multinational corporations and transnational corporations in the Turkish Republic of Northern Cyprus,” M.S. - Master of Science, Middle East Technical University, 2019.