Why is the so-called First World rich while Third World countries remain poor despite billions of dollars in “development assistance”?
Despite decades of promises about development and global equality, the deep divide between the Global North and South remains rooted in centuries of exploitation. Far from ending with colonialism, systems of extraction have evolved into new forms—free trade, debt, and corporate monopolies—that continue to strip the Global South of its land, labor, and resources. This essay explores how unequal exchange fuels wealth…
