Political Impact
| ✅+ve | ❌-ve |
|---|
| strong | promotion of colonial & imperial policies |
| powerful empires | emergence of 3rd world countries |
| proud national identies | politician-capitalist nexus |
| political stability | sowed the seeds for future wars |
Ideological Impact
| ✅ | ❌ |
|---|
| emergence of Marxist-socialist ideas | promotion of capitalist ideology |
| trade unionism | ideological conflicts |
| human rights and values | economic exploitation |
| awareness among workers | inequality leading to weaker sections of society |
Economic Impact
| ✅ | ❌ |
|---|
| increased availability of goods | crony capitalism |
| better standards of living | increased rich-poor divide |
| increased tax revenues & urbanization | exploitation of natural resources |
| industrial economy & increased prosperity | environmental degradation |
| emergence of new middle class | unplanned urbanisation |
Social Imapct
| ✅ | ❌ |
|---|
| sci tech progress | exploitation of labour |
| better medical facilities | child labour |
| increased life expectancy | slums & poor living conditions |
| increased employment of skilled labour | new diseases & epidemics |
| promotion of education | unemployment of unskilled labour |
Impacts of IR that we still encounter
- life has become materialistic
- morality has reduced