The Third World today is the historic product of the overseas expansion of European and North American capitalism. Prior to the rise of modern capitalism, the world had been pluralistic. Different centres of civilisation had developed independently. Between them there had been cultural and commercial intercourse. Two historic missions were completed by European capitalism: firstly, the conquest of the world, and in its wake, colonial plunderings; secondly, the integration of the isolated and the peripheric regions into a unified world system.