Which term refers to how rich nations control the economies and resources of poorer nations without political control or occupation?
A) dependency
B) capitalism
C) colonialism
D) neocolonialism

Question

Quizplus · Accepted Answer

Neocolonialism refers to the economic and financial control that wealthy nations exercise over poorer nations without direct political control or occupation. This can occur through various means such as debt, trade agreements, and foreign investments that exploit the natural resources and labor of the poorer nation. Dependency refers to a lack of self-sufficiency and an overreliance on external support, while capitalism is an economic system based on private ownership and market mechanisms. Colonialism, on the other hand, refers to the direct political control and occupation of one nation by another.

Which Term Refers to How Rich Nations Control the Economies