Leonid Grigoryev is Tenured Professor and Academic Supervisor in the Department of World Economy, Faculty of World Economy and International Affairs at the Higher School of Economics, Moscow, Russia.
The history of colonialism normally focusses on the socio-economic losses of colonies, and the benefits of metropoles are a much less-studied field. Our study indicates that the flow of resources, rent and personal wealth should not be downplayed as factors of economic growth in the key Empires, although information on most subjects is limited. This importance could be demonstrated (although not fully quantitatively evaluated) by India–United Kingdom relations before 1913.
The socio-economic history of Russia demonstrates that its ‘place’ in global economic relations has been subject to complex cyclical processes. The country entered the 20th century with a high growth rate and burgeoning industrialisation that included significant foreign capital. Historically exports primarily included raw materials such as grain and timber while imports consisted largely of machinery and consumer goods.
