Colonial Global Economy

Course lead: Prof Gurminder K Bhambra

Guano Island by dbrgn on Flickr

This module examines the ongoing significance of historical colonial relations to both the establishment and continued reproduction of global political economy.


1. What is the Colonial Global Economy?

Dr Paul Robert Gilbert, University of Sussex

It is increasingly common for claims to be made about the incompatibility between capitalist ‘progress’ and the institution of slavery, and to frame colonisation as economically advantageous for the colonised. Yet this overlooks the considerable scholarship, primarily from the ‘Global South’, which shows that industrial capitalism in Europe (and the UK in particular) would have been unaffordable without slavery, and that transfers of wealth from the colonies to colonial powers continue to shape contemporary inequalities. In this sense, the global economy can be understood as a colonial global economy, shaped not only by the legacies of our colonial past, but by colonially-instituted arrangements and relationships which persist into the present. This session will examine the colonial global economy as one which operates through racialized forms of exploitation, extraction and perverse inclusion, from the heights of international economic law, down to labour regimes in global supply chains.

2. Legacies of British Slave Ownership

Prof Catherine Hall, Chair of the Centre for the study of British Slave-ownership, UCL

For too long the abolition of the Atlantic slave trade in 1807 and slavery in the British colonies in the Americas in 1833 have dominated the ways in which Britons have (mis)remembered slavery. The Legacies of British Slave-ownership project at UCL set out to re-think the history of Britain’s long involvement with the slavery business across the Atlantic through exploring British slave-owners. When slavery was abolished, £20 million was paid in compensation to the owners for the loss of what was defined as their property. Almost half this money came to Britons. We followed the money, establishing who got it and, in so far as has been possible, what did they do with it and with the power they derived from it? Was it invested in railways and banking, or spent on country houses, or used to buy art works? How significant is this history to the establishment of racial hierarchies both in Britain and the Caribbean? Compensation was our starting point, but in exploring the longer histories of British ownership of land and people in the Caribbean the deep entanglements between metropole and colony have been excavated.

3. Racialised Capitalism

Prof Gargi Bhattacharyya, University of East London

Forthcoming ...

4. Global Supply Chains and Unfree Labour

Prof Genevieve LeBaron, University of Sheffield

Forthcoming ...