Topic > Globalization: a form of colonialism - 1250

Colonialism was a concept of superiority of one territory over another; it was a concept that originated centuries ago. Colonialism has been implemented throughout a long series of history and did not end after World War II in 1945. Even with the resistance and efforts of independent states after the war, colonialism did not disappear and continued to be a dominant system. It remained and changed shape, giving rise to the process of globalization, which continued to control the newly independent states after World War II. Globalization, a form of colonialism, has maintained the system's power over states or regions through economic terms with the development of the World Bank and its structural adjustments. This financial institution was formed and contributed to colonialism; assisted in the economic affairs of colonized nations. Together with the class, Professor Manfred B. Steger's book, Globalization: A Very Short Introduction, and IB Logan and Kidane Mengisteab's article, “IMF – World Bank Adjustment and Structural Transformation in Sub-Saharan Africa,” discussed the indirect rule of colonial powers through globalization. Globalization stemmed from colonialism to control previously colonized nations, and the way it did this was through the creation of the World Bank in 1945. Globalization is defined in Steger's book as "the expansion and intensification of social relations and of consciousness across world-time and world-space” (Steger 15). Globalization encompassed numerous aspects, but one that had a strong influence on countries around the world was the World Bank, formerly known as the International Bank for Reconstruction and Development. The World Bank was created during the Bretton Woods Conference, a......certain paper. These ideas were discussed in the February 16, 2011 conference, as well as explored in Manfred B. Steger's article, Globalization: A Very Short Introduction, and in IB Logan and Kidane Mengisteab's article, "IMF – World Bank Adjustment and Structural Transformation in Sub-Saharan Africa." Instead of seeing globalization as a positive system for sub-Saharan Africa, it has done the opposite and made the region stagnant in economic terms. It was about expanding relations between countries, but the adjustments were creating barriers that prevented the SSA from communicating economically with other countries. Therefore, it contributed to colonialism after World War II; The colonial powers were able to indirectly control what the SSA could do and who they could contact. The World Bank as a financial institution influenced the economic industry of SSA and was partly responsible for the control that the colonial powers had.