Globalization of Agribusinesses and Structural Change in the Palm Oil Industry: With Special Reference to Malaysia as a Leading Country in Palm Oil Development

Palm oil has become one of the most contested agricultural commodities in developing countries. This commodity’s character should be viewed in the context of the transnational behavior of agribusiness capital and related industrial restructuring. This paper focuses on the globalization of agribusiness capital and its impact on the industrial structure in Malaysia as a leading country in palm oil development, based on the following viewpoints: the commodity chain perspective and transnationalization of agribusiness capital.