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