Colonialism: Colonialism involves establishing control over another territory or nation for economic exploitation purposes. It often includes political domination alongside resource extraction.
Imperialism: Imperialism refers to the policy or practice of extending a nation's power and influence by establishing colonies or using economic and military force to control other regions.
Reparations: Reparations are actions taken by economically advanced countries to compensate for the historical exploitation they subjected less developed nations to. This can include financial compensation, investments, or resource sharing.