WESTERNIZING THE THIRD WORLD

Abstract

The last 200 years, roughly from the publication of Adam Smith's Wealth of Nations in 1776 to the present, have witnessed a remarkable, systemic drive for the globalization of Western capitalism. The intellectual origin of this drive has been mainstream economics which has capitalised technology, labour, environment and other productive resources; in practice, these resources have been harnessed by aggressive capitalists [originally called adventurers, forerunnes of today's multinational corporations (MNCs)] in a worldwide search for profits. This drive has enriched the West but not the vast majority of humanity.

Citation

Mehmet, O. (1996), "WESTERNIZING THE THIRD WORLD", Humanomics, Vol. 12 No. 3, pp. 37-55. https://doi.org/10.1108/eb018779