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Books > History > History of specific subjects > Economic history
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How British Rule Changed India's Economy - The Paradox of the Raj (Hardcover, 1st ed. 2019)
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How British Rule Changed India's Economy - The Paradox of the Raj (Hardcover, 1st ed. 2019)
Series: Palgrave Studies in Economic History
Expected to ship within 10 - 15 working days
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This Palgrave Pivot revisits the topic of how British colonialism
moulded work and life in India and what kind of legacy it left
behind. Did British rule lead to India's impoverishment, economic
disruption and famine? Under British rule, evidence suggests there
were beneficial improvements, with an eventual rise in life
expectancy and an increase in wealth for some sectors of the
population and economy, notably for much business and industry. Yet
many poor people suffered badly, with agricultural stagnation and
an underfunded government who were too small to effect general
improvements. In this book Roy explains the paradoxical combination
of wealth and poverty, looking at both sides of nineteenth century
capitalism. Between 1850 and 1930, India was engaged in a
globalization process not unlike the one it has seen since the
1990s. The difference between these two times is that much of the
region was under British colonial rule during the first episode,
while it was an independent nation state during the second. Roy's
narrative has a contemporary relevance for emerging economies,
where again globalization has unleashed extraordinary levels of
capitalistic energy while leaving many livelihoods poor, stagnant,
and discontented.
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