ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Regionalism ____ sectionalism
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Sectionalism ____ regionalism
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Imperialism ____ colonialism
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Colonialism ____ imperialism
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Nationalism ____ isolationism
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Detailed explanation-1: -Nations that played a major role in Old Imperialism were Spain, Portugal, Netherlands, France, Britain. Spain and Portugal played a predominant role in the 1500’s, whereas in 1600’s major roles were played by France, Britain and Netherlands.
Detailed explanation-2: -Colonialism is where one country physically exerts complete control over another country and Imperialism is formal or informal economic and political domination of one country over the other. In a nutshell, colonialism can be thought of as the practice of domination and imperialism as an idea behind the practice.
Detailed explanation-3: -Defining Direct and Indirect Rule Mamdani (1996) characterizes this difference in terms of the relationship of individuals to the colonial state: Those under direct rule relate to the state as citizens, whereas those under indirect rule are subjects under hierarchies of power.
Detailed explanation-4: -The industrial revolution was the force behind this New Imperialism, as it created not only the need for Europe to expand, but the power to successfully take and profitably maintain so many colonies overseas. The industrial revolution created the need for Europe to take over colonies around the world.