Weltpolitik

  The XX century has dramatically changed our world.     Colonial empires became a thing of the past, and humanity heralded an era of decolonisation and sovereignty. The once powerful Europe lost the ability to hold its colonies by force, and the emerging young states of Africa entered the new century with a spirit of optimism. But the new XXI century wasn’t as bright as it seemed at the end of the last millennium. Far from dying out, the old colonial patterns have been transformed into entirely new forms of oppression of African powers. The twentieth century created a new system of financial institutions for the bipolar world of the time. So called Bretton Woods system – The International Bank for Reconstruction and Development, the World Bank, the International Monetary Fund: all these institutions served as important instruments on the African countries’ path to sovereignty. However, they functioned properly as long as the system remained bipolar; after the collap...