Asked by Sefik Basic on Apr 27, 2024

verifed

Verified

Explain why some former colonies have developed economically while others have not.

Economically Developed

Refers to countries that have a high level of economic growth and security through advanced technology, industry, and a high standard of living.

  • Apprehend the influence of colonial rule on the economic growth of erstwhile colonies.
verifed

Verified Answer

SS
Shamanie SpeedApr 29, 2024
Final Answer :
There are several factors that can explain why some former colonies have developed economically while others have not.

One factor is the level of investment and support from the former colonial power. Some colonies received significant investment in infrastructure, education, and industry from their colonial rulers, which helped them to develop economically. Others were left with little support or investment, making it more difficult for them to develop.

Another factor is the natural resources and geography of the former colony. Some colonies were rich in natural resources such as oil, minerals, or fertile land, which provided a strong economic base for development. Others were less fortunate in terms of natural resources, making it more challenging for them to develop economically.

Political stability and good governance are also important factors in economic development. Former colonies that have experienced political stability and good governance have been more successful in developing their economies, while those that have experienced political instability and corruption have struggled to develop.

Finally, the global economic environment and access to international markets can also impact the economic development of former colonies. Those with better access to international markets and trade opportunities have been able to develop more quickly than those with limited access.

Overall, the economic development of former colonies is influenced by a complex combination of historical, political, geographical, and economic factors.