Abstract

During the period after 1970s, capitalism has gone through a significant restructuring. This period has been primarily characterized by the process of globalization. Globalization has not emerged as the natural result of capitalism but it has been actively promoted and the appropriate conditions for the functioning of global capitalism have been created by certain actors. Many scholars argue that it is a newly emerging transnational capitalist class which transformed capitalism into a globalizing project. Although the members of this class are located in different parts of the world, they have a common interest in supporting globalization. They are aware of their common interests and they have a certain class consciousness. Moreover, their habits, tastes, and lifestyles are becoming increasingly similar. Considering these debates on transnational capitalist class, in a case study of the Turkish top managers working in the ?stanbul branch of a multinational corporation, this paper looks at the lifestyle characteristics of this group of managers, comparing them with those aspects of the lifestyle of the transnational capitalist class that are indicated by the scholars. A second question that has been considered is to what extent these managers feel themselves as part of a transnational class that has common goals and interests. This study shows that for this group of managers the primary identification is with the people who have the same position with them, regardless of their country or corporation, not with their fellow nationals.

Highlights

  • For portraying the contemporary political, economic and social conditions of the world, no other concept has been as widely used as globalization

  • Many scholars agree with the idea that capitalism has gone through a significant restructuring since 1970s and this process of restructuring is called globalization (Burbach and Robinson 1999; Robinson and Harris 2000), neoliberal globalization (Nederveen-Pieterse 2004) or capitalist globalization (Sklair 2002a)

  • This paper focuses on the case of the upper level managers working in the İstanbul branch of a multinational consulting firm, considering these theoretical approaches on transnational capitalist class

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Summary

INTRODUCTION

For portraying the contemporary political, economic and social conditions of the world, no other concept has been as widely used as globalization. According to Sklair, transnational capitalist class is the major driver of globalizing practices and the leading force in the establishment of a global capitalist economy This class is in the process of formation and it pursues people and resources of the world for its aim of increasing its private profit and accumulation. The emerging transnational capitalist class is considered to be the major force in terms of globalizing practices and in the establishment of a global capitalist economy This class is going through the process of formation and it makes use of people and resources for increasing its profit and accumulation. Educational institutions like business schools are instrumental in creating a common culture, common lifestyles and shared concepts The members of this class have homogeneous behaviors and similar consumption habits no matter where they live. The space of lifestyles is formed by the relationship between these two capacities (Bourdieu 1984)

THE CASE OF TURKISH MANAGERS IN A MULTINATIONAL CORPORATION
CONCLUSION
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