Question

In: Economics

List and describe two long term impacts for Congo due to Belgian occupation, as stated or...

List and describe two long term impacts for Congo due to Belgian occupation, as stated or implied by the documentary. These long term impacts can stretch far past WW I in terms of textbook reading, so stick simply with what you see in the documentary and what reason could logically deduce.

Solutions

Expert Solution

Belgium occupied Congo for major materials which were then transported back to Belgium. The indigenous population was exploited for belgians own benefits and this resulted in the backlash and resulting independence in 1964. The long term impact for Congo due to Belgian occupation was that a large class of people stayed middle class and major overhaul was required to empower the native population after the independence. This resulted in large scale expenditure and investment, which was borrowed. Most of the resources were used by Belgium for their own personal gain, which resulted in large scale exploitation. In a way it stunted economic development and prevented the creation of political institutions.

Congo was famous for rubber production and ivory, Belgians concentrated on such industries and other sectors crumpled. This led to long term impact wherein Congo was not able to prosper in other fields and sectors and most of the investment was done for rubber and ivory which were exported. This dented their chances and they had to start from scratch to make other industries prosper as well.


Related Solutions

The company could issue $2,500,000 of long-term bonds, due in 6 years with a stated rate...
The company could issue $2,500,000 of long-term bonds, due in 6 years with a stated rate of interest, paid semiannually, of 3%. The market rate for similar debt is 4%.   Cash Received Annual Cash Required Face amount Face rate Interest Payment periods Interest Payment   Term Periods Market rate PV factors used single sum annuity PV face PV interest Calculate in Excel, the cash received, and annual cash required with formulas visibile, as well as all other info.
a.) What are the short-term and long-term impacts associated with the tariffs Trump has recently imposed...
a.) What are the short-term and long-term impacts associated with the tariffs Trump has recently imposed on various goods? b.) The tariffs on imported steel and aluminum are projected to create approximately 30,000 manufacturing jobs. Does this indicate that it is beneficial to the U.S. economy to impose these tariffs? Explain. c.) According to the article, what are the total projected jobs gained and projected jobs lost as a result of these tariffs? from this article https://goo.gl/Tniqcw
What are the short-term and long-term impacts of BREXIT. Should a firm relocate from the United...
What are the short-term and long-term impacts of BREXIT. Should a firm relocate from the United Kingdom to another country?   Use examples where appropriate. (broad question)
What do you think will be the short-term and long-term impacts of Human Genome Projects? What...
What do you think will be the short-term and long-term impacts of Human Genome Projects? What do you think will be the most significant benefits of the applications of genomics? What are the risk?
Describe the four long-term and two short-term determinants of exchange rates. Note that you need to...
Describe the four long-term and two short-term determinants of exchange rates. Note that you need to do more than simply list the determinants. You need to explain how and why they impact on exchange rates and give examples.
1.What do you see as the long term impacts of damaging species on the ecosystems of...
1.What do you see as the long term impacts of damaging species on the ecosystems of North America? Explain. Give examples.   2.Do wildlife diseases impact endangered species? Explain. Give examples.  3.Are traps lethal or non-lethal devices? Explain your answer, use specific examples.  4.How important is the experience of the practitioner in using traps or snares to catch a coyote? Explain. 
Key objective: exemplifying the limitations of the power of oligopoly due to short-term and long-term elasticities....
Key objective: exemplifying the limitations of the power of oligopoly due to short-term and long-term elasticities. Setting: Imagine you are representing one of the members of the OPEC, and you are motivated by an increase of your revenue from the sale of crude oil. You have to compromise on current decision on possible output decrease as to stimulate the world price of gas. Please consider the historical relation of the reaction of the gas price at the pump to the...
Describe the adaptations to the skeletal muscle with long term aerobic exercise training and long-term resistance...
Describe the adaptations to the skeletal muscle with long term aerobic exercise training and long-term resistance exercise training. Describe how they occur and how they contribute to improved performance (e.g. how does aerobic exercise training allow a person to offset fatigue).
LTC and NPV are two methods for evaluating a long term capital expenditure. Please describe a...
LTC and NPV are two methods for evaluating a long term capital expenditure. Please describe a situation where it would be better to use LTC instead of NPV, and then vice versa. Please be specific with the situations
4. List the mechanisms that can affect blood pressure in the short term and long term....
4. List the mechanisms that can affect blood pressure in the short term and long term. Illustrate and explain how the Baroreceptor reflex responds to (i) a sudden increase in mean arterial pressure and (ii) a when standing up from a prone position.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT