What were the economic impacts of colonial empires on the colonized regions?

What were the economic impacts of colonial empires on the colonized regions?

The economic impacts of colonial empires on the colonized regions varied, but generally, they resulted in the exploitation and extraction of resources, the establishment of plantation economies, the disruption of local industries, and the imposition of unequal trade relationships. The colonizers often prioritized their own economic interests, leading to the impoverishment and underdevelopment of the colonized regions. Additionally, the forced labor systems and land dispossession further exacerbated the economic inequalities and hindered the growth of local economies.