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The Emergence Of European Bloc Imperialism

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Chapter Summary

This chapter seeks to deepen understanding about a hitherto unexplored dimension of imperialism termed bloc imperialism that emerged in the context of the attempt by US-led neoliberal globalization to liberalize the trade relations between Europe and the Africa, Caribbean and Pacific Group of States. It examines the gradual liberalization of the Lomé Conventions that resulted from that struggle, and its consequences, namely the European bloc imperialist backlash. Next, the chapter outlines of the CARIFORUM-EU EPA, the first comprehensive EPA, as a concrete example of the workings of European bloc imperialism. It focuses on the European bloc imperialist stranglehold over the ACP countries and the pushback against the economic partnership agreements. The US banana multinationals and ruling elites used the WTO to force open the EU banana market to dollar bananas, under the disguise of liberalizing the Lomé Conventions.

Keywords: banana trade war; CARIFORUM-EU EPA; EU bloc imperialism.; Lomé Conventions



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