7. all
Inclusive Labor
Inclusive Labor
Inclusive Labor
Inclusive Labor
Inclusive Labor
• people can choose their occupation or job
in ways that are si crucial for a prosperous
economy
• did not exist (picture)
8. had their own impeccable logic:
Kongolese extractive institutions
had their own impeccable logic:• those with political power was very rich
9. Congo became Independent in
1960
• the same pattern of economic institutions,
incentives, and performance reproduced
itself.
10. decline and poverty under the
rule of Jospeh Mobutu between
1965 and 1997. Mobutu created
a set of highly extractive
economic insitutions.
11. Mobutu and the elite around him
(known as the Grosses
Legumes or The Big
Vegetables)
12. Belgian capital Brussels.
Mobutu built himself a palace at
his birthplace, Gbadolite, with
an ariport large enough to land
a supersonic Concord jet, a
plane he frequently rented from
Air France for travel to Europe.
In Europe he bought castles
and owned large tracts of the
Belgian capital Brussels.
13. Why the modern Democratic
Republic of Congo remains
poor?
• its citizens still lack the economic
institutions that create the basic incentives
that make a society prosperity
• Extractive Economic Institution
