What was called was nothing but the extension overseas of European interests. The strategy behind international trade and the production that support… - Walter Rodney

Undoubtedly, European capitalism achieved more and more a social character in its production. It integrated the whole world; and with colonial experience as an important stimulus, it integrated very closely every aspect of its own economy—from agriculture to banking. But distribution was not social in character. The fruits of human labor went to a given minority class, which was of the white race and resident in Europe and North America. This is the crux of the dialectical process of development and underdevelopment, as it evolved over the colonial period.

Instead of speeding up growth, colonial activities such as mining and cash-crop farming speeded up the decay of "traditional" African life. In many parts of the continent, vital aspects of culture were adversely affected, nothing better was substituted, and only a lifeless shell was left.

One of the common means by which one nation exploits another and one that is relevant to Africa’s external relations is exploitation through trade. When the terms of trade are set by one country in a manner entirely advantageous to itself, then the trade is usually detrimental to the trading partner. To be specific, one can take the export of agricultural produce from Africa and the import of manufactured goods into Africa from Europe, North America, and Japan. The big nations establish the price of the agricultural products and subject these prices to frequent reductions. At the same time the price of manufactured goods is also set by them, along with the s necessary for trade in the ships of those nations. The minerals of Africa also fall into the same category as agricultural produce as far as pricing is concerned. The whole import-export relationship between Africa and its trading partners is one of unequal exchange and of exploitation.