Question

Drain of Wealth 

22 Mar 2023
Answer :
Word Count : 381

The concept of the "drain of wealth" refers to the economic exploitation of colonized or economically dependent countries by their colonizers or dominant economic partners. It was first described by the Indian economist Dadabhai Naoroji in the late 19th century, who argued that British colonial rule in India was causing a massive outflow of wealth from India to Britain, thereby impoverishing the Indian people.

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