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Postcolonial theory remains a diffuse term; it is frequently used to describe research ranging from economic analyses to literary studies. While the divergences and variety within postcolonial theory are significant, for most postcolonial theorists the historical period 1492–1945 is of key importance. This is the general time span in which direct rule of overseas territories by primarily western European states commenced, intensified to cover much of the world's landmass, and then began to end with relative rapidity. More than just a continuation of historic human conquests, this era is seen as marking the development of truly global forms of governance, power, and influence, which remain in many evolving forms to present day. Thus, despite its post- prefix, postcolonial theory has to a large extent involved a critical reconsideration of the colonial past, often to better understand and act on current political, economic, social, and cultural conditions.

Of increasing significance due to rapid growth in communication and transportation technologies, postcolonial theorists also overwhelmingly recognize that practices of colonialism did not have significant impacts only for those who were colonized. Long-standing histories of diasporic movement between imperial centers and colonized spaces, as well as flows of goods, services, information, and cultural products, have ensured effects on all. Former colonizing countries and current world power centers are often stratified in ways that exploit and disempower internal groups as well as those defined as outside. Thus, groups who have suffered oppression within many parts of the West, such as women and minority ethnic groups, have learned much from the strategies and concepts of anticolonial and postcolonial theory.

Marxism and Anti-Imperial Struggles

Variants of Karl Marx's theory of capital, which was developed and popularized during the height of the colonial period, were foundational frameworks for critiquing colonial oppression during direct rule and after it ended. Marxist theories could be applied con-textually in different regions yet also provided universal concepts, which could unite various peoples around issues of not only their material, economic exploitation but also the social and cultural forms of oppression. The success of communist revolutions in Russia (1922) and then China (1949) helped to provide global leadership and support for socialist resistance groups in various colonial settings. Other anti-imperialist networks of support were formed across the Atlantic between African, African-American, and African-Caribbean intellectuals and resistance groups, as seen in the Negritude and pan-African movements of the early to mid-twentieth century. The cultural turn in Western Marxism during this historical period was thus also being considered and developed in the colonial and postcolonial “peripheries.” Many twentieth-century anti-imperial theorists and leaders in the developing, or third, world were influenced by a combination of Marxism and a nationalism, which at least in part aimed to restore and renew aspects of indigenous culture, that had been repressed or marginalized during colonial times. These leaders included Che Guevara and Fidel Castro in Cuba, Leopold Senghor in Senegal, Kwame Nkrumah in Ghana, Frantz Fanon in Algeria, Ho Chi Minh in Vietnam, and Jomo Kenyatta in Kenya to name but a few.

As many liberationist movements discovered soon after their state independence was granted, however, the end of political subjugation to external powers did not necessarily equal economic freedom. In most postcolonial societies, enduring neocolonialism by indirect, or direct, Western control over local and international business and finance was evident. A number of different theoretical approaches to understanding this continuing inequality were advocated. As Robert Young argues, on the left, theories of dependency and world-systems predominated, with a debt to Marxism, while on the right, Keynesianism, monetarism, and, currently, neoliberalism have been put forward. Dependency and world-systems theories, through various case studies, have sought to illustrate the ways in which Western economic growth has been achieved by a process of deindustrializing many developing countries. Periphery economies are kept in an underdeveloped state, so these countries are primarily suppliers of raw commodities and cheap labor, whereas substantial profits tend to be confined to developed metropoles and small numbers of periphery elites.

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