COLONIALISM AND IMPERIALISM
IMPERIALISM IN ASIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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enforce strict laws that weaken rival countries’ economies
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assert that their economic systems are superior to all other economic systems
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exploit natural resources and control trade in weaker countries
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encourage equal trading of manufactured goods among countries
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Detailed explanation-1: -Meaning of economic imperialism in English a situation in which one country has a lot of economic power or influence over others: Many rants on economic imperialism have come from those who distrust the capitalist system.
Detailed explanation-2: -Economic imperialism refers to the use of economic power to exert control over other countries, regions, or peoples. This can take many forms, including the control of natural resources, the manipulation of trade and investment, and the exploitation of labor and markets.
Detailed explanation-3: -ECONOMIC motives included the desire to make money, to expand and control foreign trade, to create new markets for products, to acquire raw materials and cheap labor, to compete for investments and resources, and to export industrial technology and transportation methods.
Detailed explanation-4: -The consequences of economic imperialism on West Africa have included exploitative resource extraction, proxy and resource influenced civil wars, illegal trade in natural resources, mass poverty, and external migration of skilled workers necessary for national development.