Colonialism and the different stages of Colonialism

MHI-02: MODERN WORLD

Course Code: MHI-02

Assignment Code: MHI-02/AST/TMA/2016-17

Total Marks: 100

Q7:- What is colonialism? Discuss the different stages of colonialism.

If Imperialism is what happens in the metropolis, then colonialism is what happens in the colonies. The same system of capitalism that produced development in the Western world created under development in the colony. In this sense imperialism and colonialism are two sides of the same coin.

Colonialism is as modern a historical phenomenon as industrial capitalism. It describes the distinct stage in the modern historical development of the colony that intervenes between the traditional economy and the modern capitalist economy. It is a well structured whole, a distinct social formation in which the basic control of the economy and society is in the hands of a foreign capitalist class. The form of the colonial structure varies with the changing conditions of the historical development of capitalism as a worldwide system.

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