Question

On political colonialism versus economic colonialism

1. What are the similarities and dissimilarities between the former European colonialism and the current Economic colonialism for African countries? Your written analysis must be to the point and elaborate (10 points).

2.Thoughtfully explain the economic fallout of European colonialism on African economies during the colonial period (5 points).

3.Thoughtfully explain the economic fallout of economic colonialism on African economies during the 1970s and 1980s (10 points).

Answer 1

•both European exploitation and current exploitation resulted within the disarticulation of the economy. African pattern of economic development was distorted by numerous ways that.disarticulation within the production of products and market traders and transport and provision of the social amenities at the side of patterns of urbanisation.
•the policies of exploitation force the decline of the African business and conjointly cause creation of reliance on the foreign product from Europe. Nature of industries had been inspired and conjointly cultivated by the powers of exploitation.Africa would limit in a very higher position economically and technological. Europeans exploitation in Africa invited virtual changes on each side relating to the land and other people from trade to the searching and also the holding.