Economic Imperialism refers to the practice where a powerful nation extends its influence over weaker nations through economic means rather than military force. This often involves controlling resources, markets, and labor in the weaker nation, leading to significant economic dependency and exploitation. Countries engaging in Economic Imperialism may use tactics such as trade agreements, investment in local industries, or manipulation of local currencies. This form of imperialism can result in wealth accumulation for the dominant nation while perpetuating poverty and underdevelopment in the affected regions, creating a cycle of dependency and inequality.