Question

Jamaica is a poor country that borrowed funds from the United States. Unable to repay the loan, Jamaica has agreed to numerous alliances and trade agreements that benefit the United States. This process in which a powerful nation uses loans and economic power to maintain control over a poor nation is called:

Answer 1

Answer:

Neocolonialism

Explanation:

Neocolonialism can be defined as a political and economic policy in which greater power tries to maintain people or areas that are weak. The term neocolonialism emerged after the Second World War. The term was used to refer to the practice of powerful nations trying to control weaker nations using indirect means such as the economy. It is a form of exploitation of poor and weaker nations disabling them to develop.

In the given case, the United States is using the practice of neocolonialism to control Jamaica which is a poor and weaker nation. In this practice, the weaker countries often lose their control over land, labor, and resources as well. In this scenario, the United States took control of the trade and other resources of Jamaica.

So, the correct answer is neocolonialism.