👉 Neocolonialism is a concept used in international relations to describe a form of colonial rule where an external power (the colonizer) has significant influence over another country's government and economy. This can include direct control over trade agreements, natural resources, or other economic institutions. The term was coined by the United States Foreign Service Institute in 1970 to describe a situation where the colonizing country is dependent on the external power for its development, security, and social stability.