Event
The Colebrooke-Cameron reforms have an immediate impact…
The Colebrooke-Cameron reforms have an immediate impact on the economic development of the island.
Many features of the economic structure the reforms help put into place exist today.
The commission advocates a laissez-faire economy.
To encourage free trade, the government monopolies over cinnamon cultivation and trade are abolished.
Traditional institutions, such as land tenure by accommodessan (the granting of land for cultivation, as opposed to its outright sale), is abolished, as is the rajakariya system.
Rajakariya is opposed not only on moral grounds but also because it slows the growth of private enterprise, impedes the creation of a land market, and interferes with the free movement of labor.
Many features of the economic structure the reforms help put into place exist today.
The commission advocates a laissez-faire economy.
To encourage free trade, the government monopolies over cinnamon cultivation and trade are abolished.
Traditional institutions, such as land tenure by accommodessan (the granting of land for cultivation, as opposed to its outright sale), is abolished, as is the rajakariya system.
Rajakariya is opposed not only on moral grounds but also because it slows the growth of private enterprise, impedes the creation of a land market, and interferes with the free movement of labor.
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The Indian Ocean Lands
World
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South Asia
Region
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Maritime South Asia
Subregion
