They believed that economic hardship was responsible for the world wars and the rise of fascist dictators. They believed that a more connected world would be more politically stable and that nations would not see one another as competitors.
Students may argue that neocolonialism does exist through the global economic order. By this reasoning, richer nations still interfere and control the affairs of smaller nations. Like in the case of colonialism, private corporations extract raw materials and exploit cheap labor in former colonies while individuals in richer nations keep the profits. On the other hand, students might point to the benefits that international trade has brought across the globe. By creating global institutions, richer nations are incentivized to invest in poorer nations for a return, which created jobs and infrastructure.
