Question

"Economic globalisation is recolonisation of the world." Justify.​

Answer 1

Answer:

Yes, it can be said that globalization is a form of colonisation....Dutpring colonisation, the people were forced to buy the British goods. It was a means by which to achieve what imperialism had done but through a politically correct and legitimate manner. Through the General Agreement on Tariffs and Trade (GATT) and World Trade Organization (WTO), legitimacy was given to this new form of imperialism whereby lesser developed countries (LDCs) signed trade agreements, agreed to eliminate their artificial barriers to trade, and participated in their own subjugation and transformed themselves into neo-colonial states.

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