Neo colonialism

Neocolonialism is the practice of using capitalism, globalisation and cultural imperialism to influence a developing country instead of the previous colonial methods of direct military control (imperialism) or indirect political control (hegemony).
Colonialism” refers to the direct political control of a society and its people by a foreign ruling state. ... “Neocolonialism” is the continued exercise of political or economic influence over a society in the absence of formal political control.