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Though the colonial boundaries sometimes caused internal strife and hardship, some present day leaders benefit from the desirable borders their former colonial overlords drew. For example, Nigeria's inheritance of an outlet to the sea — and the trading opportunities a port affords — gives the nation a distinct economic advantage over its ...
The cultural systems created under coloniality of power presume that European cultures are the only truly modern cultures, based on characteristics of modernity like capitalist economic systems, rationality, neoliberalism, and science. [1] These cultural systems enforce Eurocentric norms through the use of the state and the economic system. [15 ...
During the centuries of pre-colonial trade, some control over social political and economic life was retained in Africa, in spite of the disadvantageous commerce with Europeans. That little control over internal matters disappeared under colonialism. Colonialism went much further than trade.
Historically, the very idea of the economy, as advanced by the likes of Adam Smith, was conceived of based on a national economy, which ignored the colonial processes taking place at the time. [24] The social sciences in general have based explanations of capitalism in a historical context that does not consider colonialism as central to the ...
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
Simply, the Colonial Surplus is a measurement of the benefits in money terms gained by citizens, business and government of the colonising power (metropolis) from the colony. It is a measure of exploitation. It describes and calculates part of the economic relationship between colonising power and colony.
Moral economy is a way of viewing economic activity in terms of its moral, rather than material, aspects. The concept was developed in 1971 by British Marxist social historian and political activist E. P. Thompson in his essay, "The Moral Economy of the English Crowd in the Eighteenth Century".
According to Quijano, colonialism has had a particular influence on colonized cultures' modes of knowing, knowledge production, perspectives, visions; and systems of images, symbols, and modes of signification; along with their resources, patterns, and instruments of formalized and objectivised expression.