How did colonialism contribute to the economic disparity seen in the world today?

Colonialism created a system where powerful countries took control of other regions, often exploiting their resources and labor for their own benefit. This led to the wealth of colonizing nations increasing while the colonized regions became impoverished and dependent. For example, during British rule in India, raw materials like cotton were extracted, and finished goods were sold back to India at high prices, harming local industries. As a result, many former colonies still struggle with economic challenges today, while the countries that colonized them enjoy greater wealth and stability. This historical exploitation has created lasting inequalities that affect global economics and relationships.