Estimate: Dollar Value of British Colonialism and Forced Labor Our economic impact estimate considers ingenuity, common law, commerce, trade, and the development of joint-stock companies. Ingenuity and Innovation: British advancements in technology, industrialization, and innovation drove economic growth. Inventions like the steam engine, mechanized manufacturing, and improvements in infrastructure, significantly boosted productivity and economic output. Legal and Institutional Framework: The development of common law and legal institutions provided a stable environment for commerce and trade, since property rights, contract enforcement, and the rule of law facilitated exploitative business transactions. Trade and Commerce: British trade networks, particularly with India, North America and Asia, facilitated the exchange of goods and services, driving economic growth. Financial Innovations: The emergence of joint-stock companies and financial institutions, such as the Bank of England, p
A blog on ESG, impact investing and socially responsible investing. Archive in sidebar at left. (Click on the 3 lines).