For much (though certainly, as we shall see, not all) of its history, the British Empire acted as an agency… — Niall Ferguson

For much (though certainly, as we shall see, not all) of its history, the British Empire acted as an agency for imposing free markets, the rule of law, investor protection and relatively incorrupt government on roughly a quarter of the world. The Empire also did a good deal to encourage those things in countries which were outside its formal imperial domain but under its economic influence through the ‘imperialism of fair trade’.

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