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For example, rights to dual citizenship may be generous, [96] or larger immigrant quotas may be extended to former colonies. [citation needed] In some cases, the former European imperial nations continue to foster close political and economic ties with former colonies.
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.
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 ...
A colonial empire is a state engaging in colonization, possibly establishing or maintaing colonies, infused with some form of coloniality and colonialism. Such states can expand contiguous as well as overseas. Colonial empires may set up colonies as settler colonies. [1]
The New Map of Africa (1900–1916): A History of European Colonial Expansion and Colonial Diplomacy (1916) online free; Hopkins, Anthony G., and Peter J. Cain. British Imperialism: 1688–2015 (Routledge, 2016). Mackenzie, John, ed. The Encyclopedia of Empire (4 vol 2016) Maltby, William. The Rise and Fall of the Spanish Empire (2008).
The colonial economies of the world operated under the economic philosophy of mercantilism, a policy by which countries attempted to run a trade surplus, with their own colonies or other countries, to accumulate gold reserves. Colonies were used as suppliers of raw materials and as markets for manufactured goods while being prohibited from ...
The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires ...
Its economy was eventually surpassed by the United States in 1916. [13] The United Kingdom's involvement in the First World War and the Second World War damaged Britain's economic power, and a global wave of decolonisation led to the independence of most British colonies.