Key points to know

Settler colonialism

is ongoing
foreign settlers permanently move to a region, seize land, and seek to replace or eliminate the indigenous population rather than simply extract labor or resources

Ruler colonialism

To extract wealth, raw materials, or labor from a territory to enrich the colonizing empire (metropole)

Ongoing

Neocolonialism

The continued indirect economic, political, and cultural control exerted by wealthy or former colonial powers over formally independent nations while extract resources and maintain economic dependency while leaving a facade of national sovereignty

Anti-colonialism

1940s - 60s, influenced by the rising tide of communist, peastant and worker-led revolution

The story so far (1)

colonial based on commodity extraction has made the global south dependent on uneven terms of trade
based on modernization theory (belief that rich countries should focus on production and poor on resource extraction)
ladder model - stages of economic development

The story so far (2)

the cold war and NAM:
G.S on a socialist path of development, focusing on home-grown industries
import substitution of industrialization
time of keynesian economics - the state should play a role (ex. road)

the story so far (3)

OPEC oil crisis 1970
developing countries had to take on external loans
third world debt and then the election of conservatives = the rise of neoliberalism

The story so far (4)

Structural adjustment programs
world bank and IMF
beginning of neoliberalism rooted in free market capitalism and deregulation
world bank tied structural adjustment to forced cut in state welfare spending