Neocolonialism has been broadly understood as a further development of capitalism that enables capitalist powers (both nations and corporations) to dominate subject nations through the operations of international capitalism rather than by means of direct rule.
Through neocolonialism, the more technologically advanced nations ensure their involvement with low income nations, such that this relationship practically annihilates the potential for the development of the smaller states and contributes to the capital gain of the technologically advanced nations (Parenti 2011, 24).
The result of neo-colonialism is that foreign capital is used for the exploitation rather than for the development of the less developed parts of the world. Investment, under neo-colonialism, increases, rather than decreases, the gap between the rich and the poor countries of the world.
Neocolonialism is the policy where a major power uses economic or political means to exert its influence over undeveloped nations or areas to gain control.
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