What Is Economic Imperialism ?

Question

in very basic simple terms & is it justified?

Answer 1

in its rawest form it means to expand economics yes it happens every day

Answer 2

Economic Imperialism

Answer 3

Congratulations. You have found a question on which Wikipedia falls flat on its face, probably because it so politically charged.

There are at least three different meanings for the term.

The most recent, least innocuous, and most misleading is it that it is the use of economic methods for problems that haven't been considered "economic":
faculty-gsb.stanford.edu/lazear/Personal/PDFs/economic%20imperialism.pdf

An older and more important meaning has to do with the idea that much of the imperialism of the past was driven by economic motives rather political (i.e. the Spanish went to the "New World" for gold; Africa was targeted for its gold, diamonds, etc.; etc.) This is still an issue of dispute:
http://encarta.msn.com/encyclopedia_761558317_2/Imperialism.html
http://www.panarchy.org/taylor/imperialism.1952.html
http://www.zmag.org/content/showarticle.cfm?ItemID=11844

More recently, the term has been used (particularly by third-world countries trying to condemn the industrialized world) to describe the use of superior economic power to get various benefits, including but not limited to access to to resources at low prices.

It is certainly case that "money talks" and that the industrialized world, both the governments and the multi-national corporations have taken advantage of that in various ways. In some cases, those ways were clearly "imperialist" (for example, some of the American incursions in Sourth and Central America):
http://en.wikipedia.org/wiki/Banana_republic

In other cases, the foreign corporation has clearly taken advantage of its economic power and operates in an oppressive manner, but whether this was so egregious as to deserve the epithet "imperialist" is a matter of interpretation.

(After all, we all know of "company towns" in the industrialized world and we don't term that behavior "imperialist" though it is of the same nature.)

The behavior of Union Carbide in India is a classic example of this:
http://en.wikipedia.org/wiki/Bhopal_disaster

Answer 4

RE:
What Is Economic Imperialism ?
in very basic simple terms & is it justified?