Control by a powerful country of its former colonies (or other less developed countries) by economic pressures. In contrast to colonialism, in which one country controls another territory by military force.
a modern form of colonialism usually leftover from colonial times - the control over the nation is accomplished through economic rather than political systems
The state of poor, third-world countries which enjoy formal political independence, but continue to remain economically dependent on rich, industrialized countries.
According to this analytic perspective, new forms of domination and dependence between states have emerged in the decades (after World War II) since the end of colonialism. Although direct occupation by colonial power was ended at independence, domination has been extended in some cases by the manipulation of such power resources as economic aid, technology transfer, military support, and economic intervention.
a system designed to perpetuate Western economic domination and undermine the promise of political independence, thereby extending to Africa (and much of Asia) the economic subordination that the United States had established in Latin America in the nineteenth century. (p. 1000)
Neocolonialism describes certain economic operations at the international level by which former colonial powers maintained control of their former colonies and new dependencies following World War II. This economic control has alleged similarities to the traditional colonialism of the 16th to the 20th centuries.