Colonialism dependency is the term used to describe the global integration of political ideologies, social movements, and financial markets through trade and intellectual interaction. Although colonialism is not as actively implemented as it once was, there is evidence that it still has influence in the modern world.
Dependency theory is the belief that because of the extensive consequences of colonialism in Africa, Asia, and Latin America, former colonial powers retain wealth at the expense of the underdeveloped present-day colonies. The 'core' wealthy, developed states drain resources from the 'periphery' underdeveloped former colonies.
In essence, colonialism is an act of political and economic hegemony in which settlers from a foreign power take control of a nation and its citizens. Most often, colonial nations seek to make money by taking advantage of the people and resources of the nations they have conquered.
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