The challenge of Immanuel Wallerstein—to reconceive the history of South Asia since 1750 as part of the development of a capitalist world system—has yet to elicit an adequate response from South Asia's historians. While a few social scientists interested in the past have sought to apply his model, the majority of historians have either gone no further than to acknowledge the importance of bilateral relations with imperial Britain in the construction of modern South Asian society, or else—it would seem increasingly—have retreated behind the walls of the “indigenous,” the “local,” the “particular,” and, at times, the just plain “peculiar” in their interpretations of South Asia's modern experience. But few historians of imperial Britain see it as a completely freestanding and self-determining entity, able to direct its relationships with India or elsewhere in a manner unconstrained by developments in other areas of the world. And on closer examination, many of the most quintessentially South Asian institutions and structures, including a large number of those that twentieth century modernization theorists please to call “traditional,” can be seen to have been shaped by global forces.