This is a blog for our history ; everyone is welcome here. Of course, show due respect by not 'copying and pasting' the informations for own usage. For any questions for the works done below, get hold of the owners of this blog!
PEIFANG , YUNXUAN AND XITHENG
Contents :
- White Man's Burden
- Dutch colonists in Netherland East Indies
Monday, February 2, 2009, 12:54 PM

ECONOMIC IMPACT of colonial rule in NEI


A) Cash Economy



  • Establishment of plantations for the production of rubber, tobacco and tea.

  • Multi-national companies arrived to exploit petroleum and tin.

  • Economic activities attracted international investments.

  • Increased opportunities for private businesses.

  • Resulted in employment for vast numbers of Indonesians and immigrants.




B) Change In Livelihood

  • Wage employment introduced, mostly paid in kinds.

  • New jobs offered them new income but varied with commodity prices and was not stable.

  • Hard labour and bad working conditions. (exploitation)

  • Cash advances for each work contract lead to free labour which drags for years.

  • People were taken away from farming occupations.




C) Standardisation of Currency

  • Netherland East Indies guilder became widespread as colonial currency.

  • New currency system reinforced the link between SEA economy and the world economy.

  • Export economies of SEA broke into the world markets, no longer just the European market.




D) Transport Infrastructure and Technology

  • Creation of transport infrastructure.

  • Railways and roads extended throughout Java and Sumatra.

  • Shipping firm, also known as the KPM today, was set up to provide sea links.

  • Transport infrastructures were intended to benefit the far-flung estates that were opened in the remote parts of the colony.



E) Introduction of Private Property

  • Not Evident (can't find)