1. Africa
... vulnerable to the changing world market. The economy's reliance on the world market is an important economic effect of colonialism, as are the new social and demographic changes effected by Africa's incorporation into the global economy. The introduction of an organized commercial economy has largely replaced Africa's traditional economy of ... daily requirement for survival. Africa's poor gained little or nothing from colonialism, but its elites certainly owe their fortunes to colonialism. The colonial era introduced social and demographic changes in Africa that have affected the econom...
- Word Count: 917
- Approx Pages: 4
- Grade Level: Graduate