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What is the colonization of smaller countries by industrial nations for raw materials

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This system is called imperialism. Big countries would take over and colonize little nations and islands and exploit their raw materials.
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User Herlon Aguiar
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The correct answer is "Imperialism".

Imperialism is a form of foreign policy in which a country that has strong exercises strong economic control over another country. This is achieved by the establishment of state-sponsored enterprises from the "imperialist" country in the small country. These companies will exploit the resources and ship them back to the location where their production facilities are located in order to manufacture specialized goods. These "imperialist" countries end up having strong influence because the existence of extractive companies not only creates a source of income for the small country's government but also creates jobs and overall wealth for the locals surrounding the location where the company operates.

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User Block
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