What are some examples of "neolocalism"?
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Neocolonialism is a system of financial and cultural exploitation whereby one country exercises invasive power and control over another country.
The term "neocolonialism" was coined by Kwame Nkrumah, the first President of independent Ghana. The term itself is highly politicized and controversial. It is usually used by those who oppose multinational corporations and other a components of global capitalism.
Modern day post-colonial African nations such as Ghana, Nigeria, the Ivory Coast and Benin are good examples of neocolonialism. Though officially independent, these nations are heavily influenced and controlled by the economic policy of their former imperialists.
"Neocolonialism" also describes more generally the uneven dynamic of power between Western or "developed" nations on one hand, and "third-world" nations on the other.
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