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Examine the impact of colonisation on a developing economy you have studied and on its adjustment to globalisation. - Leaving Cert Geography - Question 1 - 2008
Question 1
Examine the impact of colonisation on a developing economy you have studied and on its adjustment to globalisation.
Worked Solution & Example Answer:Examine the impact of colonisation on a developing economy you have studied and on its adjustment to globalisation. - Leaving Cert Geography - Question 1 - 2008
Step 1
Impact identified
Answer
Colonisation typically leads to significant changes in the economic structure of developing economies. One major impact is the extraction of natural resources. This often disrupts local economies and creates dependencies on colonial powers. The economic focus shifts towards resource extraction rather than sustainable development, affecting long-term economic growth.
Step 2
Named Developing Economy
Answer
For this discussion, I will refer to Nigeria as the developing economy affected by colonisation. Nigeria's economic framework was significantly influenced by British colonisation, which established a focus on cash crop production and resource extraction, ultimately shaping its economic relationship with globalization.
Step 3
Adjustment to Globalisation
Answer
Post-colonisation, Nigeria's adjustment to globalisation has been influenced by its colonial past. The reliance on oil exports has made the economy vulnerable to global market fluctuations. Additionally, the legacy of infrastructural underdevelopment hampers Nigeria’s ability to fully engage with global markets. However, Nigeria has also seen opportunities through participation in global trade and investment flows, allowing for some economic diversification and growth in sectors like telecommunications and agriculture.