Neocolonialism is the continuance or reinstatement of imperialist domination by a state (often a former colonial power) over a different state that claims to be independent (usually, a former colony). Neocolonialism replaces the traditional colonial methods of direct military control or indirect political control with economic imperialism, globalization, cultural imperialism, and conditional aid in order to influence or dominate a developing country. In contrast to conventional globalization and development aid, neocolonialism generally results in a relationship of dependency, subservience, or financial responsibility towards the neocolonialist nation. This could lead to excessive political control or ballooning debt, thus mimicking the relationship of old-style colonialism. Neocolonialism frequently has an impact on all societal levels and leads to the development of neocolonial institutions that are harmful to local communities, such neo-colonial science. 

Does neocolonialism still exist today?

Though colonialism is generally considered to be a relic of the past, nearly 2 million people in 16 “non-self-governing territories” across the globe still live under virtual colonial rule.  Countries such as Britain and the USA also retain control over colonial territories. And let’s not forget the settler colonial countries such as Canada, Australia, New Zealand, and the United States, where the colonization of indigenous lands has been entrenched and institutionalized in the long-term.

What is the difference between colonialism and neocolonialism

A form of direct rule by an outside force over a territory and its inhabitants is colonialism. In the held territory, it is frequently accompanied by the formation of settlement colonies.
The formal end of colonialism is generally acknowledged to have occurred by the middle of the 20th century. Neocolonialism is a form of indirect control in which a dominating power uses subtler modes of dominance. These subtle modes include financial aid, multinational business corporations,  and soft power to control another territory, its people, its polity, and its policy. Neocolonialism does not usually involve direct permanent settlement in the dominated territory. It is believed to have begun after the formal end of colonialism in the mid-20th century and is accepted as being prevalent over much of the new world today.

What are some examples of neocolonialism

1. Banana RepublicsBanana Republic is a term used to describe nation-states whose economy depends on the export of primary produce to a corporation in a developed nation.
2. Cold War BlocsTo gain a strategic advantage over the other, each side in the Cold War tried to bring into its sphere of influence as many states as it possibly could.
3. International Lending and Financial AidFinancial aid is often provided to allow dominant states to exert influence over non-dominant states. Examples include China’s investments in Africa and the Pacific and IMF funding.


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