How is foreign monopoly capital control manifested in the country?
1. Finance-capital remain the biggest controlling interest of foreign monopoly capital and maintains powerful control over the country’s economy. This control of big foreign finance capital interest is tightened further by the liberalized banking and capital flow that paved the way for the rapid increase of portfolio investments in the country. Foreign-debt that is a major source of public spending also tie down the country to the dictates of the IMF-WB. 2. Intensified foreign competition due to trade and investment liberalization pushed by the local bourgeois government is resulting into continuing bankruptcies of small local capital that aggravates the problem of absence of heavy industries and limited manufacturing sectors. 3. The latest technological advancements are more commercial and tourist oriented and there is the corresponding rise of the new bourgeois elite who act as adjuncts of big foreign monopoly capital in siphoning surplus through the marketing of foreign consumer goo
