Asked by Fundi Madaza on Jun 06, 2024
Verified
How has the type of colonialism influenced economic growth in former colonies?
Colonialism
The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.
Economic Growth
The increase in the production of goods and services in an economy over time, usually measured by the rise in Gross Domestic Product (GDP).
- Understand the impact of colonialism on economic development in former colonies.
Verified Answer
SB
Steven BlumeJun 08, 2024
Final Answer :
The type of colonialism has had a significant influence on economic growth in former colonies. For example, in cases where the colonial power implemented exploitative and extractive policies, economic growth in the colony was often stunted. This could include the extraction of natural resources without fair compensation, the imposition of unfair trade practices, and the suppression of local industries in favor of the colonial power's own interests.
On the other hand, in cases where the colonial power invested in infrastructure, education, and healthcare, economic growth in the colony was more likely to occur. This type of colonialism, often referred to as "benevolent colonialism," laid the groundwork for future economic development and growth in the former colony.
Additionally, the legacy of colonialism can still be seen in the economic structures and systems of former colonies today. Many former colonies continue to struggle with the effects of colonialism, including unequal distribution of wealth, limited access to resources, and a dependence on former colonial powers for trade and investment.
Overall, the type of colonialism experienced by a former colony has played a significant role in shaping its economic growth and development.
On the other hand, in cases where the colonial power invested in infrastructure, education, and healthcare, economic growth in the colony was more likely to occur. This type of colonialism, often referred to as "benevolent colonialism," laid the groundwork for future economic development and growth in the former colony.
Additionally, the legacy of colonialism can still be seen in the economic structures and systems of former colonies today. Many former colonies continue to struggle with the effects of colonialism, including unequal distribution of wealth, limited access to resources, and a dependence on former colonial powers for trade and investment.
Overall, the type of colonialism experienced by a former colony has played a significant role in shaping its economic growth and development.
Learning Objectives
- Understand the impact of colonialism on economic development in former colonies.
Related questions
How Has Geopolitical Position Influenced Economic Growth in Former Colonies
Canada Was Initially a Collection of Colonies Until It Achieved ...
Taiwan and South Korea, Once Colonies of Japan, Have Made ...
Explain Why Some Former Colonies Have Developed Economically While Others ...
Japanese Colonialism, in Contrast to European Colonialism, Failed to Establish ...