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022Political economy· 1965· Ghana

Neo-Colonialism: The Last Stage of Imperialism

Kwame Nkrumah

Independence on paper, control in practice.

Ghana's first president argued that political independence meant little while former colonial powers and multinational firms still controlled African economies through finance, trade and covert influence. Naming neo-colonialism as a systematic condition, he mapped how foreign capital extracted wealth from nominally sovereign states. The book reportedly angered Washington, which cut aid to Ghana; a coup removed him from power the following year.

Its legacy. It gave a generation a vocabulary for economic dependency and the case for non-alignment.

Author
Kwame Nkrumah
First published
1965
Genre
Political economy
Theme
Liberation and the Decolonized Mind