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What are the economic implications of colebrook-Cameron reforms?
Wiki User
∙ 12y ago
One of the first things Colebrook did in Ceylon was to figure out a way in which to turn the recorded budget deficit to surplus. (So my history book tell me). Because Ceylon was in the tropics and already invested in agriculture he decided that a focus on that would be the best way to earn revenue and so he introduced a new system of agriculture - plantation agriculture - to the natives of the island who had previously engaged in the subsistence method of agriculture. Through tender procedure Cameron and Colebrook got large British companies to invest in and establish plantations on the island in order to earn revenue and in doing so injected private capital into the Ceylon;s economy.
Wiki User
∙ 12y ago
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