Globalization A Form of Colonialism - 1243 Words

Colonialism was a concept of superiority of one territory over another; it was a concept that originated centuries ago. Colonialism had been put into action throughout a long line of history and did not end after World War II in 1945. Even with resistance and efforts from independent states after the war, colonialism did not disappear and continued as a dominant system. It remained and changed its form, resulted in the process of globalization, which continued to control over newly independent states following World War II. Globalization, a form of colonialism, maintained power for the system over states or regions through economic terms with the development of the World Bank, and its derivation of structural adjustments. This financial†¦show more content†¦However, the region was already poor, therefore, they had no other options but to comply with the conditions in order to receive loans. Also, they had difficulty adjusting their prices to their own advantage since their p osition in the global economy is defined generally by the production and export of low value-added primary commodities, and the markets for these commodities are dominated by international monopsonies (Logan and Mengisteab 12). They were price takers and their reliance on primary commodities were heavily influenced by existing international political-legal, bureaucratic-administrative, economic and other free trade restrictions (Logan and Mengisteab 12). The SSAs whole economic system were controlled and depended on international nations. Not only did these donor countries fail on their promises to improve poverty for SSA, they reinforced policies that made SSA dependent. Structural adjustments did not help SSA, but controlled or limited the regions economic activities with other countries, and created competition within SSA itself. SSA could not compete with First World countries because of the strict policies. They did not have enough capital compared to First World countries. The y had to control their commodity supply, (that resulted in influenced prices), through non–production subsidies, because of the policy to remove state subsidies. The way to manipulate prices was capital intensive and since they were poor, theyShow MoreRelatedColonization Of The United States1097 Words   |  5 Pagesare in motion. Ideas such as settler colonialism, chattel slavery, and globalization are the things that have truly shaped the United States. The first 13 colonies were founded upon the basis of settler colonialism, the growth of the nation was enabled by chattel slavery, and the rise of the country as a world power was brought about by Globalization. Despite all of this, one must take into consideration the repercussions of such rapid development. Globalization connected the US to other nations andRead MoreGlobalization as Neo Colonialism1069 Words   |  5 PagesGlobalization as Neo Colonialism When in the 1950s and 60s, most colonized countries and territories across the world threw off the yolk of colonialism, there was tremendous hope and anticipation that a new era of hope, independence, freedom and self – determination was about to unfold. In most cases, it was with great reluctance that the colonial masters granted independence to their erstwhile colonies from where they had for generations held the total control that had enabled them to exploitRead MoreThe Cultural Dynamics Of Globalization1062 Words   |  5 Pagesanthropologists have made it their life’s work to attempt an understanding of the facets surrounding the concept of globalization, especially through a cultural lens. 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Although economic growth and political stability were the outcomes of European imperialism in Native territories, these positive effectsRead MoreChris Abanis Graceland1177 Words   |  5 Pagesthe US, European, and Middle Eastern markets. The modern novel is reminiscent of Chinua Achebe’s own bildungsroman, as they are both set in post-colonial Nigeria and showcase the effect of globalization on the conflicted country. The interplay between the American and Nigerian cultures shows that with globalization, there may be a back and forth trade economically and socially between cultures, but the more dominant culture may impose its culture upon the other in ways that are asymmetrically skewedRead MoreInequality Is The Inevitable Outcome O f Capitalism Essay970 Words   |  4 Pagesdue to the lack of access to resources. The age of globalization has also hindered much of the Global South’s ability to establish and maintain adequate welfare programs. 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After giving a brief history on colonial Hong Kong, I will be focusing on the Sino- British Agreement of 1984 and its subsequent effectsRead MoreGlobalisation in the Global South Social Policy1500 Words   |  6 PagesGlobalisation in the Global South Social Policy The recurrent issues on the real effects of globalization to the creation of social policies in Global South countries continue to fuel various debates in political, sociological and economic arena, as its influence in the social sector grows extensively. These issues provoke attacks claiming that globalisation only protects the welfare of Western countries and continue to take advantage of those in the Global South. It is almost always thought toRead MoreThe World A Global Village1644 Words   |  7 Pagesaccounting for the changes that are taking places through colonialism, economic transformations, media culture, and many social-cultural paradigms, which seem to be making the world a global village. From the past, historians and sociologists have looked at how these dynamic changes affect humanity, and the role they play in shaping the future of social human interaction as it is known. All together, there has been an escalation of cultural globalization, which is a phenomenon t hat is experienced in dailyRead MoreThird world was/ is used to describe countries whose government did not take sides in the cold war.600 Words   |  3 Pagesto replace the east – west conflict with the north – south conflict. All the countries deemed as third world has had a history of colonial rule, most were exploited through colonialism, imperialism, neo colonialism etc. while the third world countries were annexed and had direct government of a first country through colonialism; it was seen as a cost by the imperial powers rather than a benefit and one that was unavoidable. Imperialism was creating the condition for industrial capitalism and a modern