markets

In the Malay Archipelago, written in the 1860s, AR Wallace comments on the state of Timor. He notes that it is more trouble than profit to the Dutch and Portuguese rulers, proposes a few changes, then finishes with this:

Under such a system the natives would soon perceive that European government was advantageous to them. They would begin to save money, and property being rendered secure they would rapidly acquire new wants and new tastes, and become large consumers of European goods. This would be a far surer source of profit to their rulers than imposts and extortion...

While Wallace didn't anticipate the end of colonial rule, isn't this more or less what has happened? The formation of new desires and new markets?