English Dictionary

After World War II, European powers like Britain and France adopted a strategy of neoimperialism. Financially depleted by years of warfare, and facing intensified popular resistance from within the Third World itself, they reluctantly decided that indirect economic hegemony was less costly and politically more expedient than outright colonial rule. […] Furthermore, under neoimperialism the native government takes up the costs of administering the country while the imperialist interests are free to concentrate on accumulating capital, which is all they really want to do.