Imperialism And Colonialism

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Parenti postulates that imperialism is the process where the dominant politico-economic interests of one nation expropriate for their own enrichment the land, labor, raw materials, and markets of another people (Parenti 1995). Whereas colonialism, as suggested by Wolfgang Reinhard, “constitutes a "developmental differential" due to the "control of one people by an alien one”(reference here). It is important to note that Imperialism is more economic based and does not necessarily lead to political control or colonialism (Rodney,1973). Colonialism was proposed as means of helping underdeveloped countries in their development through the demolition of slavery, but rather was a quest to gain political control over Africa. At this time Europe,…show more content…
The role of imperialism and colonialism played a crucial part in the development of these countries. Third world countries, also known as satellites, were often referred to by many scholars as peripheries. First world countries used their imperial power to extract resources from these underdeveloped countries as a way to rebuild Europe. However, to have a clear understanding of how imperialism and colonialism contributed to the development of these peripheries here is a classical example. England and France would not have a colony that would not benefit them therefore the parent country usually reaps all the benefits. [This sentence structure needs fixing, it is not clear]The parent country usually gets control of resources with the advent of new technology and countries develop this need for raw materials and it leads to colonialism. [This sentence also needs to be…show more content…
The biggest challenge which these countries faced was that their political-economic structure was how their underdeveloped economies were made to facilitate growth to the global capitalist (this sentence is confusing) These economies were now competing with each other with already developed countries(this too) These first world countries used their Multinational Corporations to further exploit the resources of the third world countries today. Today there is something called neo-imperialism which is mainly about structures of control. These structures are the World Bank, International Monetary Fund or multinational corporations that exert neo-imperialism around the world. Some suggest that neo-liberalism and free trade is about imperialism. Many make the argument that we are still living in a world characterized by
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