POLS 2401 Midterm: Exam 2 Concepts study guide
10 Jan 2019
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3 basic economic indicators (e. g. gdp/gni, inflation, unemployment, purchasing power, un. Colonialism is a political, economic, and social system in which one group of people, the core or dominant group, controls the political and economic lives of another group of people, the peripheral or dominated group. Colonialism usually signifies direct political control as well as economic control of another group. Colonies usually provide the core countries with cheap labor, raw materials unavailable at home, cheap commodities, and markets for goods produced in the core country. Money flowing into europe from these colonies financed industrial development, personal luxury, and eventually war. The consequences of colonialism were mixed for both the core and the periphery. For the peripheral territories (not yet countries), colonialism left a legacy of capital drain, exploitation, bureaucratic corruption, and ethnic and religious rivalries. Colonies were most often developed to provide one particular resource, or cash crop, to the dominant country.
