Chapter

Introduction

Tirthankar Roy

in The Economic History of India, 1857-1947

Third edition

Published in print December 2011 | ISBN: 9780198074175
Published online January 2013 | e-ISBN: 9780199082148 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198074175.003.0001
Introduction

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From the end of the eighteenth century, two overlapping processes of change transformed patterns of production and consumption in South Asia: the rise of colonial rule and globalization. By 1947, a paradoxical mix of acute rural poverty and robust industrialization characterized the larger nations of South Asia. This book examines the changes in the structure of the economy initiated by colonialism and globalization, as well as the factors underlying the paradox of extraordinary achievements amidst poverty and stagnation. The discussion covers the period from 1857, when direct rule of the Crown over what had been territories acquired by the East India Company was formally established, to 1947, the end of British rule in South Asia. The book also discusses theories of economic history and competing narratives on the impact of colonial rule on India.

Keywords: India; South Asia; colonialism; globalization; poverty; industrialization; economic history; production; consumption

Chapter.  9685 words.  Illustrated.

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