Which of the following correctly analyzes how colonial economics led to long-term challenges for newly independent states.

Answer 1

Colonial economics in many cases were structured to benefit the colonizing power at the expense of the colonies themselves. This often resulted in the exploitation of resources, cheap labor, and unequal trade relationships.

After independence, newly independent states struggled to break free from these economic dependencies and develop self-sustaining economies. Many faced challenges such as high levels of debt, underdeveloped infrastructure, limited access to education and technology, and dependence on a narrow range of commodities for export.

These obstacles contributed to ongoing poverty, political instability, and social unrest in many post-colonial states. Furthermore, the legacy of colonial economic structures continues to impact these nations today, as they struggle to compete in the global economy and address issues such as income inequality, unemployment, and corruption.