Neocolonialism

question 18

Multiple Choice

Neocolonialism:

• A) refers to the control of African countries by European powers during the 16ᵗʰ century.
• B) ended when South American and African countries gained independence from Europe.
• C) is the control of former colonies by wealthy, former colonial nations through political, financial, and military power.
• D) is the globalization process that occurs between the wealthy trade nations.
• E) is a political and economic process by which European nations take over less developed countries.

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Definitions:

Financial Risk Exposure

represents the potential for financial loss that a company faces due to its financial decisions and market conditions, including changes in interest rates, currency exchange rates, and credit risks.

Citrus Grower

A citrus grower is an individual or company engaged in the cultivation and production of citrus fruits, such as oranges, lemons, limes, and grapefruits.

Clothing Manufacturer

A business specialized in producing clothing items, from the design phase through to the final production.

Cotton Farmer

An individual or business engaged in the cultivation of cotton plants for fiber production.