economic exploitation Archives

Examine the impact of colonialism on socio–economic development of regions in Latin America.(500 words)

Leave a Comment / MPS, MPSE-002 / IgnouCorner

Colonialism had a profound and enduring impact on the socio-economic development of regions in Latin America. The legacy of colonialism continues to shape the economic and social landscape of these countries. To understand this impact, let’s examine the key facets: 1. Economic Exploitation: The primary objective of colonial powers like Spain and Portugal in Latin […]

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Write a short note on “Drain of Wealth”? (100 words)

Best Answer : Drain of Wealth Drain of Wealth: The “Drain of Wealth” refers to the economic exploitation of India by the British colonial administration. This systematic wealth extraction included heavy taxation, resource depletion, and unfavorable trade policies, resulting in significant economic losses for India. The drained wealth was funneled to Britain, leaving the Indian