Neo-Colonialism
An excellent research paper by Colin De Laval - Spring 2008.
The International Monetary Fund (IMF), World Trade Organization (WTO), Group of Eight (G8), and other economic institutions of predatory capitalism are intrinsic to the continuation of exploitation of third-world countries, without them, neo-colonialism could not exist. When we study countries who have been afflicted by colonialism, we see an immense pattern of underdevelopment created by resource and industry hungry capitalists, and this economic underdevelopment trend carries over into the neo-colonialist tradition. Economic dominance, an inherent trait within neo-colonialism, follows the fundamental economic imperialism within capitalism at the expense of underdeveloped nations. Forced dependency on US and first-world goods is the only logical way to continue the first-world status, by destroying the infrastructure of these countries. MNC's (Multi-National Corporations) play an enormously important role in neo-colonialism, by being the major financier and profiteer.