The Economics of Colonialism
When the British arrived in India, the subcontinent accounted for 30% of global GDP; when they left in 1947, India’s GDP had plummeted to 3% of global GDP. That’s what colonialism did. Or did it? What about the counter-arguments that colonialism and Empire enriched many, created opportunities, and led to a massive transfer of technology to the colonies? As the world is still coming to terms with colonialism and with new 21st-century forms of economic colonialism, what better place to tease out the economics of colonialism than in Ireland, Britain’s first colony?