Origins[ edit ] Kwame Nkrumah pictured on a Soviet postage stamp is a Ghanaian politician who coined the term "Neo-colonialism.
Neo-Colonialism, the Last Stage of imperialismKwame Nkrumah Introduction THE neo-colonialism of today represents imperialism in its final and perhaps its most dangerous stage.
In the past it was possible to convert a country upon which a neo-colonial regime had been imposed — Egypt in the nineteenth century is an example — into a colonial territory. Today this process is no longer feasible. Old-fashioned colonialism is by no means entirely abolished. It still constitutes an African problem, but it is everywhere on the retreat.
Once a territory has become nominally independent it is no longer possible, as it was in the last century, to reverse the process. Existing colonies may linger on, but no new colonies will be created. In place of colonialism as the main instrument of imperialism we have today neo-colonialism.
The essence of neo-colonialism is that the State which is subject to it is, in theory, independent and has all the outward trappings of international sovereignty.
In reality its economic system and thus its political policy is directed from outside. The methods and form of this direction can take various shapes.
For example, in an extreme case the troops of the imperial power may garrison the territory of the neo-colonial State and control the government of it. More often, however, neo-colonialist control is exercised through economic or monetary means. The neo-colonial State may be obliged to take the manufactured products of the imperialist power to the exclusion of competing products from elsewhere.
Control over government policy in the neo-colonial State may be secured by payments towards the cost of running the State, by the provision of civil servants in positions where they can dictate policy, and by monetary control over foreign exchange through the imposition of a banking system controlled by the imperial power.
Where neo-colonialism exists the power exercising control is often the State which formerly ruled the territory in question, but this is not necessarily so.
For example, in the case of South Vietnam the former imperial power was France, but neo-colonial control of the State has now gone to the United States. It is possible that neo-colonial control may be exercised by a consortium of financial interests which are not specifically identifiable with any particular State.
The control of the Congo by great international financial concerns is a case in point. The result of neo-colonialism is that foreign capital is used for the exploitation rather than for the development of the less developed parts of the world.
Investment under neo-colonialism increases rather than decreases the gap between the rich and the poor countries of the world. The struggle against neo-colonialism is not aimed at excluding the capital of the developed world from operating in less developed countries. It is aimed at preventing the financial power of the developed countries being used in such a way as to impoverish the less developed.
Non-alignment, as practised by Ghana and many other countries, is based on co-operation with all States whether they be capitalist, socialist or have a mixed economy. Such a policy, therefore, involves foreign investment from capitalist countries, but it must be invested in accordance with a national plan drawn up by the government of the non-aligned State with its own interests in mind.
The issue is not what return the foreign investor receives on his investments. He may, in fact, do better for himself if he invests in a non-aligned country than if he invests in a neo-colonial one.
The question is one of power. A State in the grip of neo-colonialism is not master of its own destiny. It is this factor which makes neo-colonialism such a serious threat to world peace. The growth of nuclear weapons has made out of date the old-fashioned balance of power which rested upon the ultimate sanction of a major war.
For these neo-colonialism is the breeding ground.The term “neocolonialism” generally represents the actions and effects of certain remnant features and agents of the colonial era in a given society.
Post-colonial studies have shown extensively that despite achieving independence, the influences of colonialism and its agents are still very much present in the lives of most former colonies.
Effects of colonialism on Africa's past and present. The effects of colonialism past and present are visible all over Africa.
It is not an overstatement when Edem Kodjo, author of ‘Africa Tomorrow’ describes the condition of African as “torn away from his past, propelled into a universe fashioned from outside that suppresses his.
Neo-Colonialism, the Last Stage of imperialismKwame Nkrumah Introduction. THE neo-colonialism of today represents imperialism in its final and perhaps its most dangerous stage. Colonialism and its effects are mainly relating to monetary issues, and its effects are almost always felt by the masses of a nation yet to steady its feet.
The beauty that lies with our world is found in the massive and expanded history of its existence. Transcript of Impacts of Colonialism and Neo-Colonialism Britain France Why Colonize Africa? European countries such as Britain, France, Spain, Belgium, Italy, Germany and Portugal wanted to colonize Africa for economical, political and social gain against their competing colonies.
Globalization as Neo Colonialism When in the s 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.