Business Standard

Sunday, December 22, 2024 | 09:29 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Opium, history and economics

Britain's opium policy severely damaged the economy of eastern India while perhaps helping that of western India

opium
Premium

Illustration: Ajay Mohanty

Shankar Acharya
Until half a century ago, the conventional Western view of the West’s (mostly Europe and US) remarkable economic rise since 1700 was explained in terms of scientific progress, technological innovations, entrepreneurship, and relatively free movement of goods, capital and labour. Fifty years of scholarship and revisionist historiography since then has pointed to other significant contributory factors, including imperial conquests and colonialism, the genocidal expropriation of land from native “Indians” in America by immigrants from Europe, and the deployment of millions of slaves, shipped brutally across the Atlantic from West Africa. To this list might now be added the massive expansion
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in