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The term neocolonialism was coined to describe international economic strategies and procedures that seem similar to the traditional colonialism of the 1800s. Basically, a first world government attempts to indirectly control smaller, weaker nations through economic and financial means instead of contolling them through the military or political mechanisms…
As a result, some guidance needs to be provided to the weaker nations in order for them to ultimately gain economic independence as well as political independence.
One of the theories involving neocolonialsim is called the Dependency Theory. This theory discusses the relationship between less economically developed countries (LEDC's) and more economically developed countries (MEDC's). The theory maintains that the LEDC's are in the underdeveloped situation that they are in because they rely too heavily on the MEDC's. The LEDC's will remain LEDC's because any surplus production will be absorbed by the MEDC's multinational corporations leaving no profit for the LEDC's. Yet, the MEDC's are also dependent (Dependency Theory, 2003). Without the LEDC's, they would not be able to prosper to the level that they do economically.
This neocolonialism is the source of multiple frustrations for several smaller nations. One example of this opposition comes from the Pacific Islands Association of Non-Government Organizations (PIANGO). They cite the United Nations Declaration of the Rights of Indigenous Peoples which declares that indigenous peoples (who are usually members of these LEDCs) have the "right to self-determination and political independence (Blaisdell, 1998). ...
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