In: Economics
Neo-colonialism refers to the indirect control or the Africa nations by their former colonial masters socially politically and economically. Neo- colonialism started immediately after the decolonalization of Africa and Asia nations. The colonial administrators interest would not jeoparadized by the transfer power. One of the method to prepare ground for creation of puppet leaders by involving leader or national movement into colonial government. This ensured the emerging leaders wre groomed to up hold the existing exploitation relation.The most important determinants of its outcome were industrial capacity and personnel.Neo-colonialism or Neo-imperialism is the geopolitical practice of using capitalism, business globalizationand cultural imperialism to influence a country in lieu of either direct military control or indirect political imperialismand hegemony.The processes are:
i) Through Inferences in the Internal State of New States.
ii)Through the Supply of Arms and Weapons.
iii)Use of foreign Aids and Loans.
iv)Through control over International Economic Institutions.
v)Through the use of Multinational Corporations.
vi)By creating economic dependencies.
vii) By creating satellites.