It's super weird to use a leftwing term when all their terms are usually so full of it but it's a description of how it went.

Colonization: new country shows up, replaces key people in the government with people from their home country. Sends valuable resources - money, minerals, whatever - back to their home country ensuring the people they originally belong to can't use them.

Tech Colonization: New tech consulting firm shows up, replaces/influences key people in management. Sends companies resources - jobs, work, money - back to their home country ensuring the people they originally belong to can't use them.