Colonialism has had no lasting impact on global inequality and the economic status of countries today.

Colonialism has had a significant and lasting impact on global inequality and the economic status of countries today. When powerful countries colonized others, they often took resources, land, and wealth, leaving the colonized nations with weakened economies and social structures. For example, many African countries were exploited for their natural resources, like diamonds and gold, which enriched the colonizers but left local communities in poverty. This historical exploitation created a gap between wealthy and poor nations that still exists, as former colonies often struggle to develop their economies while the colonizers became richer. Therefore, the effects of colonialism are still felt today, contributing to ongoing global inequality.