Although african countries are politically independent nations, economically they are still following the colonial relationship of the past, providing raw materials and few finished goods.
the statement above is most closely related to which of the following theories of economic and social development?
a. the genuine progress indicator
b. neocolonialism
c. the human development index
d. walt rostow's modernization model

The statement above is most closely related to neocolonialism.

Neocolonialism, neo-colonialism or neo-imperialism is the geopolitical practice of using capitalism, business globalization, and cultural imperialism to influence a country, in lieu of either direct military control (imperialism) or indirect political control (hegemony).

The correct answer between all the choices given is the second choice or letter B. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.