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This was to enable the factories in the Mother Country to utilize the raw materials for manufacturing.
Take rubber as an example- vast plantations were established in the colonies of Malaysia and Sri Lanka; the raw rubber was exported to Britain, where it was turned into tyres, bringing employment with wages to the workers in Britain and riches to the manufacturing conglomerates.
Thereafter ironically, the tyres were exported back to Sri Lanka and Malaysia where it was sold to consumers- to the very people that grew and harvested the rubber.
The riches created in the process of manufacture and the sale of the tyres was enjoyed by the manufacturers, the salesmen and the shippers in Britain.
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Sri Lanka was the consumer for all consumer goods- tyres, biscuits, jams, perfumes, coffee, tooth paste, pen, pencils, paper, soap “”…” everything one can think of, all from Britain.
In short, foreign funds had to be found for expenditure incurring foreign exchange.
Foreign exchange was carefully disbursed in the interests of the country.
The United Nations can make its voice heard on the power of sport in promoting both peace and development, a senior UN official said Monday, urging participants at a special Headquarters event to “bring out our inner sports fans,” and harness sport as a force for positive change.
A great migration of humanity into cities is under way, and with millions drawn to urban areas for the promise of a better life, the main United Nations forum on population opened its annual session on Monday examining ways to protect people on the move and help create cities that can embrace the massive number of new arrivals.