Effects of Non- colonialism, Colonialism and Imperialism the Highest Stage of Capitalism.

Consequences of imperialism on third World countries 

The nature of imperialism is as profound as its history is chequered. But imperialism cannot be comprehended as a general phenomenon, but only in relation to the stages of development of societies. This is the basic reason why the past, present and future of Third World Countries and the industrialised countries cannot be fully understood without the proper understanding of the role of imperialism in their history. This relation encompasses the processes of the expansion of capital, inequality, domination and exploitation which are fundamental variables of imperialism.

capitalism is used to indicate the passage of capitalism from its earlier stage of more or less free competition to one in which giant firms, trusts and cartels dominate the market. The expansion of production tends to go hand in hand with a rising organic composition of capital. Increase in the organic composition of capital in turn goes hand in hand with the concentration of capital, that is, with monopolisation in production. As a branch of production becomes more mechanised, it becomes difficult for new entrepreneur to enter that branch of production because of the cost of investing in machines to remain competitive with those who are already in the line of production. It is because of such factors that a rising organic composition of capital leads to monopolistic capitalism -a form of capitalism in which the economy is dominated by a few large enterprises who controls the market and make it extremely difficult for new entrepreneurs to break into their lineo f production .

Relationship between Capitalism and Imperialism

Uneven development and wretched conditions of the masses are the fundamental and inevitable conditions and premises of the capitalist  mode of production. The relationship between capitalism and imperialism was aptly captured in the work of Kwame Nkrumah, Neo-Colonialism: The Last Stage of Imperialism, published in 1966;  where he posited that, the Third World countries would not make a  formal march towards economic independence until neo-colonialism  was vanquished. 

In addition, since the early days of capitalism, the imperialist relationship between the centre represented by the Advanced Capitalist  Countries (ACC) and the periphery represented by the (Third World countries) is that, the centre is in a position to dominate the periphery by  virtue of its superior power, while this relationship did little to stimulate economic growth and development in the Third World countries. The capitalist mode of production therefore, generated a momentous long run expansion of productivity and economic output at the centre but could not do the same in Third World countries. 

It is against this background that the major classical writers on imperialism such as Hobson, Lenin, and Schumpeter seem to agree that the impetus for imperialism comes from economic interests, and that imperialism is related to the process of capitalist accumulation but they differ on the precise nature of relationship between capitalist  accumulation and imperialism. 

As long as capitalism remains what it is, surplus capital will never be utilised for the purpose of increasing those profits by exporting capital  abroad to the backward countries. In these backward countries, profits  usually are high, for capital is scarce, the price of land is relatively low,  wages are low, and raw materials are cheap. The possibility of exporting  capital is created by the entry of numerous backward countries into international capitalist intercourse. The necessity of exporting capital