Chinese experts meeting over the weekend agreed that Karl Marx and Friedrich Engels predicted globalization, state media reported on Sunday.
But the founding fathers of modern communism did not welcome the trend towards a more inter-connected world as a solution to the exploitation of workers, Xinhua news agency said.
Scholars taking part in a seminar arranged by the prestigious Beijing University concluded Marx and Engels had seen globalization as "the inevitable outcome of the production and contacts in the world," Xinhua news agency said.
"Globalization does not change the nature of capital," Xinhua cited the scholars as saying. "It is not a solution to the exploitation problem in the capitalist society, either."
The seminar was held just as China itself is preparing to make a huge leap towards globalization by entering the World Trade Organization, which is expected to lead to a rapid increase in foreign capital.
Analysts say WTO membership is likely to result in harsher competition for local companies, and many state enterprises may be forced to scale down or close, forcing large numbers of workers into unemployment -- BEIJING (AFP)
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