Question

In: Economics

what are the structures and practices that were created by over-dependency on financing from colonial powers...

what are the structures and practices that were created by over-dependency on financing from colonial powers that still exist today

Solutions

Expert Solution

Colonialism is deeply related with the European colonial period beginning with the 15th century when some European states created colonising empires. At first, European colonising countries pursued policies of mercantilism, focusing to restored the home-country economy, so agreements usually restrained the colonies to trading only with the metropole (mother country). By the mid-19th century, however, the British Empire left mercantilism and trade restraints and accepted the principle of free trade, with few controls or tariffs. Christian missionaries were working in essentially all of the European-controlled colonies because the metropoles were Christian.
European colonialism and colonization was the scheme of gaining full or partial political rule over other societies and territories, authorizing a colony, inhabitet it with settlers, and using it economically. Research suggests, the present conditions of postcolonial countries have origins in colonial actions and policies. For example, colonial policies, such as the type of rule executed, the kind of investments, and specifications of the colonizers, are mentioned as impacting postcolonial states. Investigation of the state-building activity, economic development, and cultural norms and ways shows the direct and indirect effects of colonialism on the postcolonial states.


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