Description: Extending economic domination over a nominally politically independent nation. In its narrowest sense, this means exerting a high degree of influence over a country's economic life. This influence can extend to aspects of political, military and cultural life as well.
Context: The continuity of economic institutions after decolonization often ensured continuing economic dependence even when overt political dependence is broken.
Implementation: The USA, the UK, France and the former USSR use trade rights and tariffs but also military and economic aid to support governments favourable to their philosophies, while advertising that they are assisting in maintaining the political sovereignty of such governments.
Claim: Neocolonialism provides for foreign investment to enrich local economic ventures. This practice provides an honourable umbrella for small or weak countries, under which they can grow and stabilize. In a time in which only a few countries have actually been able to create a level of economy that prevents extreme poverty, it is in the world's interest that they share their knowledge.
Counter Claim: Local products are blocked by their inability to compete in international markets. Over-dependence on food aid, military aid and other grants and loans discourages local initiatives to develop a viable economy. It also encourages irresponsible management of government.
Type Classification: D: Detailed strategies