Define the concept of colonial legacies and briefly explain its importance in understanding economic development in Africa.
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Define the concept of colonial legacies and briefly explain its importance in understanding economic development in Africa.
Colonialism is the practice of acquiring complete or partial control over another territory, often with the aim of reaping economic benefits from the territory. In colonialism, the people who colonize assume domination over the indigenous population. The subjugated country is generally economically exploited for increasing the wealth of the colonizing country.
In the 19th century, the European nations colonized large portions of the world. The driving factor was to find markets for their industrially produced goods and to avail raw materials for cheap from the colonies.
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