A General Model Of Colonialism And Underdevelopment

It is very much clear that a general model of colonialism and underdevelopment cannot explain the variations in India’s growth trend during the colonial period from 1863 to 1947. However, there are three structural features that define the entire colonial period. Structural features which include the importance of natural resources and labour to economics growth and welfare.Land intensive agriculture, Labour-intensive handicrafts, and modern industry in natural resources, were the main livelihoods throughout this period and beyond. Global features which saw a more open Indian economy and the fact that India took part in the first globalisation of the 19th century, which saw a rapid integration of world economy in terms of commodity trade, capital flows, and labour migration. Due to the opening of Suez canal in 1867 India also witnessed the revolution in transport and communication, Railways and telegraph which were introduced in this phase. There were Colonial features suggest ing India was a colony is evident from the large remittances that government of India paid to the government in Britain. Thus, development in India was not resultant of a single factor but can be summed as the culmination of various factors which shaped, in mutual interaction, the economic growth in the region. Economic historians divide the period into two parts pre-war: from 1867 to 1920-5 and interwar: 1920-5 to 1947, moreover, they define National income in the periods as the following expression:Show MoreRelatedModernization Theory Vs Dependency Theory1227 Words   |  5 PagesModernization theory vs Dependency theory While many theorists have numerous explanations towards underdevelopment, experts like David Brooks and Peter Hallward have described the natural disaster in Haiti to be brutally destructive primarily due to its poverty. 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