Evans, Peter. "Imperialism, Dependency, and Dependent Development." in The Alliance of Multinational, State, and Local Capital in Brazil"
...The development of the multinational corporation has enabled international capital to retain greater control over third world factories than Hobson could have imagined possible. Nonetheless, the international division of labor, measured in terms of the kinds of goods produced in different locations, has changed substantially in the direction that Hobson predicted. Manchester no longer makes cloth for Indians or Brazilians. The larger countries of the periphery manufacture their own consumer goods and come capital goods. A few are substantial exporters of manufactured goods.
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