How did Paul Bernard argue in favour of economic development of Vietnam? Explain.(All India - 2015)
Answers
Paul Bernard had the belief that the development of the colonies was necessary, and that the main motive of acquiring colonies was to make profits. He had it that people would buy more goods if the economy gets developed and the standard of living is improved. In the case of Vietnam, Bernard found that there were certain barriers to economic growth:
1. High population levels
2. Low agricultural productivity
3. Peasants being indebted extensively.
He suggested to imitate the land reforms that were carried out by the Japanese in the 1890s, so that the rural poverty would get reduced followed by an increase in agricultural productivity.
Plus he argued how industrialisation would also be necessary in the regard, in order to create sufficient employment.