Globalisation- or Colonialism 2.0?

That’s the question that invariably comes to your mind as you read Globalisation and its Discontents by Joseph Stiglitz, former Senior Vice-President and Chief Economist of the World Bank. Though we all know that special interests within the developed countries are systematically exploiting the people and resources of the poorer countries, it is startling to hear about the facts from an insider. It is no accident that some of the poorest countries at the official end of colonialism remain extremely poor today. The age of colonialism has not ended. Only today the imperialists use their economic might instead of military power to bully the weaker nations, while pretending to help them “develop”.

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