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Question C
C. Colonialism – Developing Economy (i) Name one developing economy which has been colonised. (ii) Explain the impacts of colonialism on this developing economy.
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Answer
Colonialism has left a profound impact on India, influencing various aspects of its economy:
Economic Structure: Colonial rule established a structure primarily geared toward the extraction of resources, leading to a lack of industrial development during British rule.
Agricultural Changes: The introduction of cash crops resulted in the neglect of food production, causing food insecurity and famine.
Infrastructure Development: Railways and roads were built, mainly to facilitate resource extraction, which changed the transportation landscape but often neglected rural needs.
Fiscal Policies: Colonial taxes and land revenue systems negatively impacted local farmers and led to widespread agrarian distress.
Labor Exploitation: Many Indians were subjected to exploitative labor practices, working long hours for low wages, impacting their living conditions.
Trade Imbalance: Colonial policies created a trade imbalance favoring Britain, leading to economic dependency.
Cultural Impact: Colonialism also imposed Western education and cultural values, which altered traditional practices and social structures.
Economic Disparity: Colonial rule exacerbated economic disparities, leading to a wealthy elite class while the majority remained impoverished.
Post-Colonial Challenges: The legacy of colonialism continues to affect India, contributing to challenges in governance, social equality, and economic reform.
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