The end of World War Two marked a time were colonies began to gain their independence. The hopes of these colonies, was that independence would bring democracy and prosperity. However, at this moment most former colonies are fail states. Why decolonization has not delivered on the hope of prosperity and democracy? I would suggest that most decolonized states are still being exploited by the international system. Even though most (developed) countries lost their colonies, they still have a monopoly on their former colonies commodities. They use multi-national companies as a mean to control these commodities and other resources. As a result, most of the profit (generated) by the natural resources in underdeveloped countries, in fact goes to more develop countries. This caused the economies of former colonies to cripple. Furthermore, these states are still suffering from the legacy of inequality and ethnic tension which also prevent them from developing. Whereas, developed countries have used direct military threat to protect their multi-national companies interest. For instance, the United States had orchestrated the overthrown of the Guatemalan government in 1954 to preserve the monopoly of land of an US owned multinational company.
A majority of ex-colonies remain under-developed because the economic international system still disfavors them. They are still serving the interest of core countries. (What interests) As a result, it is becoming increasing difficult for them to generate economic growth. Hans Singer, the father of the dependency theor argues poor countries are treated like colonies. For instance, they serve the rich nations as a place for cheap labor, natural resources, and market to sell there. In fact, Dr Raul who was the first Director of United Nation’s economics Commission for Latin America said “Latin America as part of the periphery of the world