Neocolonialism

Sandra Halperin

Neocolonialism can be defined as the control of lessdeveloped countries by developed countries through an indirect means. The term was first used after World War II to refer to the continuing dependence of former colonies on foreign countries. Its meaning soon broadened to apply, more generally, to places where the power of developed countries was used to produce a colonial-like exploitation, for instance, in Latin America, where direct foreign rule had ended in the early nineteenth century. The term is now widely used to refer to a system of global governance in which transnational corporations and global and multilateral institutions combine to perpetuate colonial forms of exploitation of developing countries. Neocolonial governance has been broadly theorized as a further development of capitalism that enables capitalist powers (both nations ...

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