Whilst national independence in Third World nation states was one of the main objectives of the Third World project, leaders quickly came to realize that this would not be possible without ensuring Afro-Asian economic independence first. These nations pledged their support for each individual country’s economic development – they vowed to rely on themselves rather than on Western foreign aid. Foreign capital was seen as a tool for ‘exploitation rather than for the development of the less developed parts of the world’. The project aimed at preventing the further economic manipulation of the Third World; this would hopefully result in these nations being able to retain their own capital for development and the establishment of internal markets
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Nkrumah’s entire political manifesto around the time that the Third World project was being set into motion, was based on this idea that the people of the African continent would only start seeing fundamental civil and political changes once there was solidarity between every individual nation. Nkrumah’s political thought on the effects of inter-continental solidarity illustrates the theoretical idea presented in this project, that the solidarity of the ‘Darker Nations’ would be …show more content…
The main weakness of the Third World project was the economic position that many of these nations were in – none of these nations had enough capital accumulation to sustain their economies without needing foreign assistance. And this foreign assistance would not be able to come from within the Third World, as China seemed to be the only nation within this group that had had any real economic success. So while this project was incredibly ambitious in the objectives that it wished to achieve, it seemed almost impossible that economic independence would occur without these nations first building up their economies through the use of foreign capital and investment. Thus, although the imperialist powers were seen to have ‘manipulated’ the debt crises of the 1970’s and 1980’s in an attempt to set back the Third World project; it was the weak economic position that these nations had been left in post-colonialism that allowed these global economic superpowers to take such advantage of
Nkrumah’s entire political manifesto around the time that the Third World project was being set into motion, was based on this idea that the people of the African continent would only start seeing fundamental civil and political changes once there was solidarity between every individual nation. Nkrumah’s political thought on the effects of inter-continental solidarity illustrates the theoretical idea presented in this project, that the solidarity of the ‘Darker Nations’ would be …show more content…
The main weakness of the Third World project was the economic position that many of these nations were in – none of these nations had enough capital accumulation to sustain their economies without needing foreign assistance. And this foreign assistance would not be able to come from within the Third World, as China seemed to be the only nation within this group that had had any real economic success. So while this project was incredibly ambitious in the objectives that it wished to achieve, it seemed almost impossible that economic independence would occur without these nations first building up their economies through the use of foreign capital and investment. Thus, although the imperialist powers were seen to have ‘manipulated’ the debt crises of the 1970’s and 1980’s in an attempt to set back the Third World project; it was the weak economic position that these nations had been left in post-colonialism that allowed these global economic superpowers to take such advantage of