In "The New Imperialism, Globalization and Racism" author Howard Winant argued that globalization is a racialized social structure of domination. By this he meant that governments and transnational corporations based in the lighter skinned global north use international organizations such as the International Monetary Fund, World Bank and World Trade Organiztion, to dominate and exploit the darker skinned global south. True / False.

Option - True

The following statement is correct in all senses which states that, "In "The New Imperialism, Globalization and Racism" author Howard Winant argued that globalization is a racialized social structure of domination. By this he meant that governments and transnational corporations based in the lighter skinned global north use international organizations such as the International Monetary Fund, World Bank and World Trade Organiztion, to dominate and exploit the darker skinned global south."

Explanation:

There was always an upper-hand for the countries inside the northern region by means of the United States and most of the European countries to have more power over those which are situated inside the southern region. While, there were industrial zones been made to make the situations inside these countries even more stable and stronger then ever. Most of the Asian and African countries were always dependent upon the monetary funds or developmental funds provided by these heavy weights with a more stronger financial position.