... entrenched with Path Dependence towards economically ineffective lock-in effects. This paper attempts to postulate on why this is so. It critiques the colonial capitalist institution that imposes alien formal constraints in the background of sustainable indigenous informal institutions which gives rise to contradictions within such an economically distorted socio-economic milieu. It is this ... cheap mass production of raw materials in India (particularly the Punjab) feudal relations were intensified with production for the world market. The feudal regime increased the servile exactions...

• Word Count: 1646
• Approx Pages: 7
• Has Bibliography
• Grade Level: Graduate