653 B
653 B
Colony Economic Policy Effectiveness
Definition
The degree to which colonial economic policies achieve their intended outcomes, which Smith argues has often been poor due to the mismatch between metropolitan interests and colonial economic realities.
Source Chapter
Book V, Chapter 3
Context
Smith evaluates the effectiveness of various colonial economic policies, concluding that many have been counterproductive and have hindered rather than promoted colonial development.
Economic Domain
Regulation