Economic History Of The Democratic Republic Of The Congo
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Economic History Of The Democratic Republic Of The Congo
Early economic activity In the precolonial era, economic activity in most communities in what is now the Democratic Republic of the Congo was largely subsistence in nature, characterized by a varying combination of shifting cultivation, hunting, fishing, and gathering. The agricultural technology of most groups was comparatively simple. Livestock was limited to chickens and the occasional goat or sheep. In most communities — particularly those in and on the fringes of the forest — the men valued hunting far above agriculture and devoted to it not only time but much ritual activity. This pattern was consistent with the division of labour: at best, men played a small part in cultivating, usually cutting and burning forests or bushes before planting. The high social status of hunting persisted even where the declining availability of games made it economically less critical.. Along the Congo River and its many tributaries, thriving river economies developed. The men of some gro ...
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Democratic Republic Of The Congo
The Democratic Republic of the Congo (french: République démocratique du Congo (RDC), colloquially "La RDC" ), informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also colloquially Zaire, is a country in Central Africa. It is bordered to the northwest by the Republic of the Congo, to the north by the Central African Republic, to the northeast by South Sudan, to the east by Uganda, Rwanda, and Burundi, and by Tanzania (across Lake Tanganyika), to the south and southeast by Zambia, to the southwest by Angola, and to the west by the South Atlantic Ocean and the Cabinda exclave of Angola. By area, it is the second-largest country in Africa and the 11th-largest in the world. With a population of around 108 million, the Democratic Republic of the Congo is the most populous officially Francophone country in the world. The national capital and largest city is Kinshasa, which is also the nation's economic center. Centered on the Cong ...
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Kingdom Of Luba
The Kingdom of Luba or Luba Empire (1585–1889) was a pre-colonial Central African state that arose in the marshy grasslands of the Upemba Depression in what is now southern Democratic Republic of Congo. Origins and foundation Archaeological research shows that the Upemba depression had been occupied continuously since at least the 4th century AD. In the 4th century, the region was occupied by iron-working farmers. Over the centuries, the people of the region learned to use nets, harpoons, make dugout canoes, and clear canals through swamps. They had also learned techniques for drying fish, which were an important source of protein; they began trading the dried fish with the inhabitants of the protein-starved savanna. By the 6th century, fishing people lived on lakeshores, worked iron, and traded palm oil. By the 10th century, the people of Upemba had diversified their economy, combining fishing, farming and metal-working. Metal-workers relied on traders to bring them the ...
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Christian Mission
A Christian mission is an organized effort for the propagation of the Christian faith. Missions involve sending individuals and groups across boundaries, most commonly geographical boundaries, to carry on evangelism or other activities, such as educational or hospital work. Sometimes individuals are sent and are called missionaries, and historically may have been based in mission stations. When groups are sent, they are often called mission teams and they do mission trips. There are a few different kinds of mission trips: short-term, long-term, relational and those that simply help people in need. Some people choose to dedicate their whole lives to mission. Missionaries preach the Christian faith (and sometimes to administer sacraments), and provide humanitarian aid. Christian doctrines (such as the "Doctrine of Love" professed by many missions) permit the provision of aid without requiring religious conversion. However, Christian missionaries are implicated in the genocide of ...
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Infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, tunnels, water supply, sewerage, sewers, electrical grids, and telecommunications (including Internet access, Internet connectivity and Broadband, broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing Commodity, commodities and services essential to enable, sustain, or enhance societal quality of life, living conditions" and maintain the surrounding environment. Especially in light of the massive societal transformations needed to Climate change mitigation, mitigate and Climate change adaptation, adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and gre ...
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Shareholder
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ...
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Export
An export in international trade is a good produced in one country that is sold into another country or a service provided in one country for a national or resident of another country. The seller of such goods or the service provider is an ''exporter''; the foreign buyer is an '' importer''. Services that figure in international trade include financial, accounting and other professional services, tourism, education as well as intellectual property rights. Exportation of goods often requires the involvement of customs authorities. Firms Many manufacturing firms begin their global expansion as exporters and only later switch to another mode for serving a foreign market. Barriers There are four main types of export barriers: motivational, informational, operational/resource-based, and knowledge. Trade barriers are laws, regulations, policy, or practices that protect domestically made products from foreign competition. While restrictive business practices sometimes hav ...
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Cash Crop
A cash crop or profit crop is an Agriculture, agricultural crop which is grown to sell for profit. It is typically purchased by parties separate from a farm. The term is used to differentiate marketed crops from staple crop (or "subsistence crop") in subsistence agriculture, which are those fed to the producer's own livestock or grown as food for the producer's family. In earlier times, cash crops were usually only a small (but vital) part of a farm's total yield, while today, especially in Developed country, developed countries and among Smallholding, smallholders almost all crops are mainly grown for revenue. In the Least developed country, least developed countries, cash crops are usually crops which attract demand in more developed nations, and hence have some export value. Prices for major cash crops are set in international trade markets with global markets, global scope, with some local variation (termed as "basis") based on Cargo, freight costs and local supply and demand ...
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Economic Development
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals and objectives. The term has been used frequently in the 20th and 21st centuries, but the concept has existed in the West for far longer. " Modernization", "Westernization", and especially "industrialization" are other terms often used while discussing economic development. Historically, economic development policies focused on industrialization and infrastructure; since the 1960s, it has increasingly focused on poverty reduction. Whereas economic development is a policy intervention aiming to improve the well-being of people, economic growth is a phenomenon of market productivity and increases in GDP; economist Amartya Sen describes economic growth as but "one aspect of the process of economic development". Economists primarily focus on the g ...
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Subsidy
A subsidy or government incentive is a form of financial aid or support extended to an economic sector (business, or individual) generally with the aim of promoting economic and social policy. Although commonly extended from the government, the term subsidy can relate to any type of support – for example from NGOs or as implicit subsidies. Subsidies come in various forms including: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, accelerated depreciation, rent rebates). Furthermore, they can be broad or narrow, legal or illegal, ethical or unethical. The most common forms of subsidies are those to the producer or the consumer. Producer/production subsidies ensure producers are better off by either supplying market price support, direct support, or payments to factors of production. Consumer/consumption subsidies commonly reduce the price of goods and services to the consumer. For example, in the US at one time it was cheaper to buy ...
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Belgian Congo
The Belgian Congo (french: Congo belge, ; nl, Belgisch-Congo) was a Belgian colony in Central Africa from 1908 until independence in 1960. The former colony adopted its present name, the Democratic Republic of the Congo (DRC), in 1964. Colonial rule in the Congo began in the late 19th century. King Leopold II of the Belgians attempted to persuade the Belgian government to support colonial expansion around the then-largely unexploited Congo Basin. Their ambivalence resulted in Leopold's establishing a colony himself. With support from a number of Western countries, Leopold achieved international recognition of the Congo Free State in 1885. By the turn of the century, the violence used by Free State officials against indigenous Congolese and a ruthless system of economic exploitation led to intense diplomatic pressure on Belgium to take official control of the country, which it did by creating the Belgian Congo in 1908. Belgian rule in the Congo was based on the "colonial tr ...
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Colony
In modern parlance, a colony is a territory subject to a form of foreign rule. Though dominated by the foreign colonizers, colonies remain separate from the administration of the original country of the colonizers, the ''metropole, metropolitan state'' (or "mother country"). This administrative colonial separation makes colonies neither incorporated territories nor client states. Some colonies have been organized either as dependent territory, dependent territories that are Chapter XI of the United Nations Charter, not sufficiently self-governed, or as self-governing colony, self-governed colonies controlled by settler colonialism, colonial settlers. The term colony originates from the ancient rome, ancient Roman ''colonia (Roman), colonia'', a type of Roman settlement. Derived from ''colon-us'' (farmer, cultivator, planter, or settler), it carries with it the sense of 'farm' and 'landed estate'. Furthermore the term was used to refer to the older Greek ''apoikia'' (), which w ...
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Belgian Federal Parliament
The Federal Parliament is the bicameral parliament of Belgium. It consists of the Chamber of Representatives (Dutch: , french: Chambre des Représentants, german: Abgeordnetenkammer) and the Senate (Dutch: , french: Sénat, german: Senat). It sits in the Palace of the Nation (french: Palais de la Nation, nl, Paleis der Natie, german: Palast der Nation). The Chamber of Representatives is the primary legislative body; the Senate functions only as a meeting place of the federal communities and regions. The Constitution does not mention the Federal Parliament as such; it stipulates that the federal legislative power is exercised by the King and the Chamber of Representatives (and exceptionally the Senate), and defines when the United Chambers convene. Chamber of Representatives The Chamber of Representatives holds its plenary meetings in the Palace of the Nation, Brussels. Eligibility requirements for the Chamber are a minimum age of 21, citizenship, and residency in Belgium. Th ...
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