Consequences of Globalization and Colonialism - Essay Example

The enormous social gap developed between peons and political leaders. Native workers received substandard wages and were forced to pay head taxes to the colonial regimes. In addition, agricultural village communities integrated into wider regional and global economic patterns, and because few peasants had enough capital to own and manage land, much of the land fell into the hands of colonial settlers.

So, labor and capital were thus disconnected from the moral economy (Scupin, 300). Because of stifling economic development, a monocultural dependency was created, which made it almost impossible for these nations to develop diversified resources for the international market. Another appeared problem is that the internal market was rather limited for their products, as their own societies lack a consuming middle class. That is why these societies remained peripheral, developing as expert platforms (Bértola, 35).

Nevertheless, colonialism had a positive effect, as it gave way to political movements based upon nationalism and independence. These movements represented anticolonial sentiments and resulted in creating many new countries (Scupin, 319). But still many regions remain devastated and underdeveloped because their economies are heavily dependent on the wealthy core countries and people through these countries have to adapt their traditional social and cultural mechanisms adjusting to the effects of globalization.