Neocolonialism in Africa.
When the term “neocolonialism” came into wide use in the early 1960s, it initially designated the control that former colonial metropoles continued to exercise indirectly over their former colonies, even though the latter had attained full political independence. Because of the economic implications of the term, its scope expanded to encompass the efforts of large multinational corporations, based in Western Europe, the United States, and Japan, to control the sources and the exploitation of valuable or strategic raw materials in Africa and in other parts of the so-called periphery.... ...
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