MULTINATIONAL CORPORATIONS AND NEO-COLONIALISM IN AFRICA

Abstract

Multinational Corporations is one of the major instruments and agents of Neo-colonialism and economic exploitation by the colonial powers and their United States of America counterparts against their former African Independent colonies. These MNC’s have enormous assets in their home countries and they are able to practically and conspicuously influence their home governments as well as interfere in the policies of the governments of the host country where they operate.. This research is aimed at explaining the roles of multinational cooperation in the neo-colonialism in Africa. Dependency theory as propounded by the likes of Dudley which defines dependency as a peripheral insertion in the world system through which former colonies are exploited economically and their backwardness is maintained over time is applied in the interpretation of data in this research. The method of descriptive analytical approach was also used. Books, articles, magazines and other literatures were consulted and analyzed. The research is divided into three parts namely, Conceptual explanations and definitions, Multinational Corporations, the Roles of Multinational Corporations in Neo-Colonialism in Africa and Conclusion.