Economic Imperialism
Definition
Economic imperialism refers to a situation where one country has significant economic influence or control over another, often achieved through business, trade, and investment.
Analogy
Think of economic imperialism like a popular kid in school who influences what everyone else wears. If this popular kid starts wearing a certain brand of shoes, soon everyone else will start buying the same brand to fit in. Similarly, an economically dominant country can dictate the economic activities of other countries.
Related terms
Colonialism: This is when one nation takes control over another geographically distant nation and settles there. It's similar to economic imperialism but involves physical occupation rather than just economic influence.
Neocolonialism: This term refers to the practice by which developed countries exert influence over developing nations not through direct political control (as in traditional colonialism), but indirectly through social or economic pressure.
Globalization: This is the process by which businesses or other organizations develop international influence or start operating on an international scale. It often leads to increased interdependence among nations, which can sometimes result in situations akin to economic imperialism.
"Economic Imperialism" appears in:
Study guides (1)
Practice Questions (20+)
What is the goal of economic imperialism?
What is the difference between formal and informal economic imperialism?
Which factor contributed to the growth of economic imperialism during the 19th century?
How does economic imperialism work?
What could have been a possible outcome if European powers had not adopted policies of economic imperialism in the 19th and early 20th centuries?
What was a significant cultural trend that resulted from economic imperialism in the late 19th century?
Which country was primarily responsible for the exploitation of rubber in Congo during the era of Economic Imperialism?
Which event in Indian history is most directly tied to economic imperialism by the British East India Company?
Which country used the concept of "White Man's Burden" to justify its imperial goals during the era of Economic Imperialism?
What product became vital for European economies from colonies like Belgium Congo during economic imperialism?
Which of the following is a significant difference between the economic imperialism experienced in India and Africa during the late 19th century?
What distinct impact did economic imperialism have on China compared to Latin America?
How did Japan's experience with economic imperialism contrast most significantly with that of Africa's during the late 19th and early 20th centuries?
Which of the following differentiates the effects of economic imperialism on indigenous societies in Southeast Asia compared to North America?
How did the global demand for raw materials in the Industrial Revolution contribute to economic imperialism?
Why was Africa a prime target for European economic imperialism during the late 19th century?
How did advancements in technology during the late 1800s influence economic imperialism?
Which of the following was a direct result of economic imperialism in India during the Victorian era?
How did economic imperialism contribute to political tensions among European powers leading up to World War I?
Which event signifies an example of resistance to economic imperialism during the period 1900-1950?
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