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by pm90
15 days ago
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While European states invested in building up their human capital over the past 200 years, most of the Indian economy was turned into an extractive colonial state. The lack of investment set the country back by a lot. After Independence, it turned its back sharply on Capitalism (rightfully so, having suffered under extreme capitalism for a couple of hundred years). Unfortunately, that didn’t end up working very well either, since it lacked the strong Institutions and State Power required to succeed that way. Politically, Partition of the Country destroyed existing economic structures and trade routes that had existed for hundreds of years, setting back all countries in the subcontinent even further… and then you also had multiple wars. Honestly its quite amazing that the subcontinent has remained as stable as it is today; it could very easily have descended into the carnage we see today in Myanmar. |
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