TY  - BOOK
AU  - Ganiyu,Rasheed Adeshina
AU  - Evcan,Nusret Sinan
TI  - DEPENDENCY THEORY AND THE  UNDERDEVELOPMENT OF THIRD WORLD  COUNTRIES
PY  - 2023///
KW  - Colonies
KW  - Dissertations, Academic
KW  -  Developing countries
N1  - Thesis (MA) - Cyprus International University. Institute of Graduate Studies and Research International Relations Department; Includes bibliography (sheets 48-54)
N2  - ABSTRACT
The slave trade was a devastating chapter in Nigeria's history, resulting in 
widespread human suffering and the loss of significant human capital. The 
transatlantic slave trade, which lasted for centuries, disrupted social structures and 
led to the depopulation of certain regions, hindering the development of stable 
communities and the decline of local technology. After the slave trade era, a new 
means of impoverishing Africa was designed by countries at the Berlin conference of 
1884-1885 in what was later known as colonialism. Colonialism further exacerbated 
Nigeria's underdevelopment by introducing political, economic, and social systems 
that primarily served the interests of the colonizers. British colonization, which 
began in the late 19th century, imposed a new set of institutions and policies that 
favored the extraction of resources for the benefit of the colonial powers. This 
approach hindered local economic development and prevented Nigeria from fully 
utilizing its resources for its own growth. The Royal Niger Company, a British 
multinational established in the late 19th century, played a significant role in 
Nigeria's underdevelopment. The company's primary objective was to exploit 
Nigeria's natural resources, particularly palm oil and rubber, for profit. This 
extractive approach undermined local industries and discouraged the development of 
a diversified and self-sustaining economy.
This study employed qualitative measures to understand how the combination of the 
trans-Atlantic slave trade, colonialism, and multinational corporations contributed to 
Nigeria's underdevelopment through the erosion of indigenous institutions, loss of 
cultural heritage, and the exploitation of natural resources without adequate local 
benefits. 
KEYWORDS: Colonialism, Development, Nigeria, Third world, 
Underdevelopment

ER  -