Economic_imperialism | TriviaQuestions.online

⭐ In the context of Neocolonialism, Economic_imperialism is considered…

Neocolonialism utilizes economic imperialism as a key strategy to exert control over former colonies without direct military or political intervention, fostering a relationship of dependence rather than genuine independence.

⭐ Core Definition: Economic imperialism

Economic imperialism is the "foreign control of assets and decisions, including where such control exists in fact but not in law",involving informal and postcolonial as well as formal and colonial contexts, and "implies the unrequited transfer of capital, labour, or natural resources from one nation or country to another".

A French Professor A. Viallate in 1921 discussed economic imperialism as a trade and finance phenomenon in terms of "imperialist expansion [...] dictated by the desire of 'the great industrial nations' to find 'outlets both for the utilization of their available capital and for the surplus of their production'."

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👉 Economic imperialism in the context of Neocolonialism

Neocolonialism is the control by a state (usually, a former colonial power) over another nominally independent state (usually, a former colony) through indirect means. The term neocolonialism was first used after World War II to refer to the continuing dependence of former colonies on foreign countries, but its meaning soon broadened to apply, more generally, to places where the power of developed countries was used to produce a colonial-like exploitation.

Neocolonialism takes the form of economic imperialism, globalization, cultural imperialism and conditional aid to influence or control a developing country instead of the previous colonial methods of direct military control or indirect political control (hegemony). Neocolonialism differs from standard globalisation and development aid in that it typically results in a relationship of dependence, subservience, or financial obligation towards the neocolonialist nation.

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