Short Answer 
European imperialism created plunder economies in Africa and Asia, primarily benefiting European industrial growth while exploiting local resources and labor. This disruption led to the loss of livelihoods and traditional economies, as well as injustices in trade dynamics that favored European interests and resulted in economic inequity for indigenous populations.
Step 1: Understanding Plunder Economies
European imperialism established what are known as plunder economies in African and Asian territories. These economies were structured specifically to benefit European industrial growth at the expense of local populations. The key features included:
- Expropriation of Land: Indigenous peoples lost their territories as European powers took control for agricultural or resource extraction purposes.
- Extraction of Resources: Valuable natural resources like diamonds, gold, and oil were exploited to fuel European industries.
- Exploitation of Labor: Native labor was ruthlessly utilized under harsh conditions to maximize profits from resource extraction.
Step 2: Disruption of Local Economies
The introduction of imperial structures severely disrupted traditional economies and local industries. Local communities often faced significant challenges, including:
- Loss of Livelihoods: Traditional ways of life were undermined, leading to widespread unemployment and economic instability.
- Forced Labor Practices: Indigenous populations, particularly in Africa, were coerced into working under brutal conditions in industries like rubber and ivory extraction.
- Displacement: As land was appropriated, many people were forced to leave their homes and communities, resulting in social upheaval.
Step 3: The Impact on Regional Trade
Imperial powers not only exploited resources but also altered the trade dynamics within these regions. The consequences included:
- Imposition of Trade Interests: Western nations imposed their trade requirements, often leading to market distortions that favored European goods over local products.
- Colonial Infrastructure: The establishment of ports and transportation networks primarily facilitated resource extraction rather than local economic benefit.
- Economic Inequity: The wealth generated from these practices largely flowed back to Europe, creating a cycle of dependency and poverty for local populations.