Colonialism was a central part of an earlier form of globalisation. Also referred to as the 'first globalisation', this phenomenon of modernity, is justified by having said it brought various advances and progress to backward countries. Due to imperialist lack of long-term objectives and resources, some of these backward countries were abandoned and left in states of anarchy, forced to accept the vicious loan/debt cycle. Colonialism's main defect in that period was that the …showed first 75 words of 718 total…

…showed last 75 words of 718 total…world. For some countries colonialism was not an option. Most of these countries could not have adapted to modernity without the foreign occupation and intervene. There is no justification for the actions the leaders took in abandoning the colonies. The interest of economic stability and the forever notion of 'globalistion', proved to be more important than people are. Debt slavery still exists and will continue to until the national debts on these countries are cancelled.