Mohd Imran | Villa College Maldives, Faculty of Shariah and Law, Author at JURIST - Features

Explainer: How Local Elites in Developing Nations Perpetuate Colonial-Era Wealth Drains in the 21st Century

Mohd Imran | Villa College Maldives, Faculty of Shariah and Law and Avantika Banerjee | Law College - Durgapur (India)

August 18, 2022 11:57:32 am

Indian scholar Dadabhai Naoroji championed the theory of the ‘drain of wealth.’ The drain of wealth referred to the ‘tribute’ or the unrequited transfer of resources from the colony to the colonial metropolis. In other words, this theory refers to a portion of the national product of India which was not available for consumption by [...]

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