Abstract

The paper provides a critical background to the study of Third World nations especially African states as they perpetually rely on foreign nations in all aspects of their living. It also examines different areas through which the Third World nations depend on Europe and America in areas such as economy, finance, technology, healthcare facilities among other things. Secondary methodology was applied from which findings show that, the argument of the dependency and underdevelopment theorists becomes justifiable. The historical antecedents of slavery, colonialism, neocolonialism and imperialism are not to be completely ruled out from the factors that engendered Third World’s backwardness and overdependence on Western nations. The paper concludes that, such dependency nature will only further exacerbates African poverty, insecurity and make Africans as an invariable source for cheap labor among other implications. The paper recommends protectionist economic policies from the African nations, explosive expansion of domestic industries, research and development initiative, technical education and massive support for local entrepreneurs among other things.