Global economic system: Euro-American economic conspiracy and warfare against Africa

Abstract

Global politics or the international economic system is a platform for competing economic forces who engage in the exploitation of global mineral resources. Irrespective of the fact that almost all states of the continents of the world are integrated into this global economic system, yet some states are wealthy and influential, while some others are underdeveloped and poor. Hence, deploring the Conspiracy or Dependency theory of development as a theoretical framework; and expository and evaluative methods, this treatise critically interrogates the malady of the international economic system. The crucial aim of the study is to systematically respond to the following clusters of questions that constitute the problem of the study- Why are some countries more developed than others? What or who is responsible for the underdevelopment of some countries? What are the necessary measures that would position underdeveloped countries on the path of development? The findings of this critical analysis include: the prevailing global economic order is an imbalanced system intentionally established for the perpetual exploitation and impoverishment of peripheral states by core states. This competitive process restores the mobocracy or disorder of the international system and perpetuates the master-slave relationship between and among states. The paper concludes that external forces are fundamentally responsible for the underdevelopment of peripheral states and the international economic system serves the economic and political interests of European and American capitalists. Therefore, the paper recommends reasoned and pragmatic protectionism as the expedient and most sustainable option for the emancipation and development of peripheral states.