Western Dominance And Its Effects On The Global Economy Essay

Modern history is composed of many false narratives of western dominance coming about as a result of some type of superiority, whether it was the European thought process, religion, culture, or even skin color. Western dominance, however, did not come from a place of superiority, but rather a streak of luck that allowed European countries to begin to colonize the rest of the world, cutting the world up into a few powerful colonial empires. Although today these colonial empires have diminished somewhat or entirely, the neoliberal policies and institutions that were put in place in the nineteen seventies continue to perpetuate the same power and economic inequalities that had been felt by colonies, on the current global economy. Neoliberalism reinforces the unequal power relationships through mechanisms that are designed generally to benefit the developed countries of the global north, while exploiting the cheap resources contained in the global south. The colonial division of labor wa s the tool of choice that European power’s used to develop their infant industries to become competitive on the global market. Before the European or western rise to power, China and India were the dominant forces in global trade, exporting some of the finest products worldwide. The fall of the Chinese and Indian trade dominance coincided with the rise of European colonizing. Through the colonial division of labor, European colonizers were able to exploit their colonies for cheap resources toShow MoreRelatedThe Socialization And Dilution Of Marxist Theory Essay1701 Words   |  7 Pagesbooms of the 1970s and 1980s: An analysis, for instance, of how the conservative regimes of Margaret Thatcher in England and Ronald Reagan in the United States in the late 1970s and early 1980s won power would dissect how conservative groups gained dominance through control of the state, and the use of media, new technologies, and cultural institutions such as think tanks and fund-raising and political action groups (Kellner, 2005, p.6). In this theory, Gramsci defined the social and cultural aspectsRead MoreImpact Of Globalization On The Indian Film Industry1566 Words   |  7 PagesGlobalization refers to the international flows of goods, services and capital among world economies. 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