Even though imperialism is largely seen as a historical phenomenon or be the one that is very
much relevant today, many make the argument that we are still living in a world
characterized by neo imperialism. Critically discuss this statement and draw examples from Zambia and other African countries.
Many African countries had declared national independence but not economic independence. Numerous African countries are still reliant on the economic assistance of Western countries and institutions. Western aids and investment in the African continent are constantly propelled by its interest in improving global trade and economic power, while simultaneously promoting economic dependency. Consequently disintegrating African economic development, capability, and weakening the African relationship with African Union ( AU).
A perfect example is the Chinese neo-colonization of African supreme nations. However, since the 2000s Chinese has been able to obtain about 14 percent of sub-Sahara total debt.
Additionally, Zambia is among African countries that depend on western aid for economic development and infrastructure, Zambia government spend much of it's the 2000s acquiring Chinese missive sum of debts. Currently, the Zambian government spending most of its significant national budget on debt services. However Zambia sovereign debt is expected to reach an appealing and distressing 96 percent of country's gross domestic product ( GDP) in 2020. This is evidenced by the inability for the countries to pay its vital bills such as power supply and electricity imports among others.
Nevertheless, some western countries such as Arabian, Indians, Chinese, and South Korea are seeking land in African countries include Kenya, Tanzanian, Ethiopia, and Sudan to establish farms for food production and other staples a few of which they export to their nations and exported back in Africa at a high tax. As a result, currently, world food price is raising as African continue paying more for food that is grown in their on own land. Another example is the import of petroleum crude oil from Africa such as Kenya into western countries for refining and export back to African at a higher price.