Development of Colonies


 
 
Concept Explanation
 

Development of Colonies

Development of Colonies: The main purpose of the colony was to serve the mother country. Thus, economies of the colonies needed to be developed.

An eminent writer, Paul Bernard gave his own views regarding the economy of Vietnam. He suggested that

•The economy of Vietnam should be developed because the colonial powers like France wanted to make the profit from its colonies.

·   If the economy of the colonies were developed, then the standard of living of the people would develop, as a result, the demand of commodities would be increased, which assured more profit for the colonial power.

·   Several barriers to economic growth like high population levels, low agricultural productivity and extensive indebtedness amongst the peasants should be removed.

·   To reduce the rural poverty and increase agricultural productivity, it was necessary to carry out land reforms as the Japanese had done in the 1890s. Industrialisation was essential to boost up the economy. This would create more job opportunities.

 
 


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