Torrance T Stephens

Nobel Neocolonialism Torrance T Stephens

Neocolonialism in simple terms is a continued model of economic and political control of a previously colonized nation, state or territory upon obtaining political independence. It is implemented usually via war and economic policies that serve the incessant underdevelopment of said nations and territories. Through the use of transnational corporations, balkanization, contrived artificial boundaries, foreign aid and international organizations such as the World Trade Organization, the International Monetary Fund and World Bank, Western governments are able to maintain dominance and control of these states, for the purpose of the extraction of natural resources and in order to govern second and third world countries more effectively. Kwame Nkrumah described neocolonialism as "the last stage of imperialism. Others including Walter Rodney and Frantz Fanon considered neocolonialism as a tool for plunder and an extension of slavery. The vignettes contained herein explain and describe in colloquial terms, the Foreign Policy practices as implemented and administered under the leadership of President Barack Obama and Secretary of State Hillary Clinton ex post fact to the President's receiving of the Nobel Prize for peace in 2009.