Transnationalism is a social phenomenon grown out of the interconnectivity between people and the receding economic and social significance of boundaries. Transnationalism is becoming more and more prominent in the social sciences. The term transnationalism was popularized Randolph Bourne to describe a new way of thinking about relationships between cultures.
Transnationalism involves the global reorganization of the production process of any product which can be done in various countries with the aim of minimizing costs. Economic transnationalism or globalization began in mid 20th century because of the development of the internet and reduction in global transportation costs and containerization. Multinational corporations are a form of transnationalism because they want to minimize costs and maximize profits.
The transnational capitalist class known as the
transnational capitalist network in Marxian-influenced analyses of international political
economy and globalization believe that it has relevance with the growth of capitalist
According to critical theorists of transnationalism, that
transnational capitalism has occurred through the monopolization and centralization of
capital by leading dominant groups.