the.com/neocolonialism
colonialism fired the governor but kept the debt and the trade deals.
means a rich country or corporation controlling a poorer nation's economy and politics without ever formally ruling it.
from coined around 1963 by ghana's kwame nkrumah, who watched flags change and foreign banks stay exactly where they were.
who named itkwame nkrumah, ghana's first president
key textnkrumah's 1965 book neo-colonialism, last stage of imperialism
favorite toolsdebt, currency pegs, resource contracts, not soldiers
still contestedeconomists argue whether aid counts as this
for instance
cfa franc zone — 14 african nations still peg currency, reserves held partly in france
congo cobalt mining — foreign firms extract 70 percent of world cobalt, locals see little profit
united fruit company — controlled guatemala's land and politics through the mid 1900s
china africa loans — over 150 billion dollars lent since 2000, sparking new dependency debates