What is neo colony?

Answer 1

Neocolonialism is a term used by post-colonial critics of developed countries' involvement in the developing world. Critics of neocolonialism state that private, foreign business companies continue to exploit the resources of the states that were once colonized by an outside country.

Neocolonialism is the dominance of strong nations over weak nations, not by direct political control (as in traditional colonialism), but by economic and cultural influence.

Some people think that it is too simplistic to say that Imperialism when the European empires relinquished their colonies during the few decades after the second world war. Use of the term, neocolonialism is extremely contentious because it is multifaceted and loosely used.