Question

define colonialism and discuss its development impact on Indian political economy

Answer 1

the practice by which a powerful country controls another country or countries, in order to become richer

Answer 2

Colonialism, as a historical phenomenon of territorial expansion, is intimately connected with the rise and growth of the modern capitalist world system.

So it is entwined with history, economics, politics, etc., of the modern capitalist society.

Colonialism is a complex phenomenon of capitalist expansion.

In a narrow sense, colonialism refers to the process of control of supplies of raw materials, mineral resources, and markets in underdeveloped and pre-‐capitalist regions. Such narrow definition of colonialism overlooks a vital aspect of colonialism relating to political activity and the drive for dominance over the daily lives of the people of colonies.

In a modern sense, colonialism is a general description of the state of subjection—political, economic, intellectual—of a non-European society as a result of the process of colonial organisation. Colonialism deprives a society of its freedom and its earth and, above all, it leaves its people intellectually and morally disoriented.

Colonialism, as a historical pheno‐menon, refers to foreign domination which implies that the colonised area is regulated in a manner known as ‘unequal exchange’. Colonised societies are intended to serve the interests of the ruling country. Thus, by colonialism, we mean a system of political and social relations between two countries—of which one is the ruler and the other is its colony.

So colonialism refers to foreign domination in social, economic, and political policies of the colony countries. Obviously, the destiny of the colony is governed by the policies of the foreign country so as to sub-serve the interests of the ruling country.

The economic and social development of a colonial country is completely subordinated to the ruling country. Colonial economy is stripped off all independent economic decisions. The development of agricultural, utilisation of the country’s vast natural resources, its industrial and tariff policies, trading relations with foreign countries, and so on are left into the hands of the ruling country.