Neo-Colonialism

Neocolonialism may simply refer to involvement of powerful countries in the affairs of less powerful countries. It was the outcome of the Second World War when the European colonies were completely destroyed and their disintegration became inevitable. As a result United States of America emerged as a dominant capitalist power after 1945. The USA through its instruments of foreign policy which employed economic aid, political and military supports suppressed movements and regimes which were leftists or pro communists. In this sense, Neocolonialism implies a form of contemporary, economic imperialism: that powerful nation behaves like colonial powers, and that this behaviour islikened to colonialism in a post-colonial world. In other words economically powerful states through economic leverage control other less developed countries on the basis of trade, aid, and international economic policies. Neo-colonialism acquired a new dimension after the cold war when countries like India and China have embarked upon a policy of economic liberalisation. In this situation capitalist and developed countries pursued a vigorous policy of neo-colonialism. MNCs have entered the third world countries and frequent loans from the World Bank and from other developed nations have encircled the developing countries into a debt trap. 

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