The neocolonialism sociological perspective employs dependency theory to explain the exploitation of producing nations by industrialized nations.
What are the basic features of neo-colonialism?
Neocolonialism takes the form of financial imperialism, globalization, artistic imperialism, and dependent aid to influence or direct a developing country rather of the previous colonial methods of direct military control or indirect political authority (hegemony).
How does neocolonialism affect the African economy?
As defined by Kwame Nkrumah – the first president of an independent Ghana – the idea of neo-colonialism warns us of the potential regressive influence of unregulated forms of aid, business, and foreign direct asset on poverty reduction and well-being in African countries.
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