Extractive political institutions are systems of governance that concentrate power and resources in the hands of a small elite, often to the detriment of the broader population. These institutions typically lack accountability, limit political participation, and suppress individual freedoms, thereby enabling the elite to exploit resources and maintain control. This leads to economic inequality and underdevelopment, as opportunities for growth and innovation are stifled. In contrast, inclusive political institutions promote broader participation and equitable resource distribution, fostering sustainable development.
Extractive Industries Transparency Initiative was created in 2002.
farming,mining,lumbering,hunting,fishing are some examples of extractive industry.
function of political institution
To gain political access
political science, political philosophy
Linkage institutions
The ability of persons, groups, or institutions to influence political developments would be called power.
The ability of persons, groups, or institutions to influence political developments would be called power.
The three types of institutions are economic institutions (such as banks and corporations), social institutions (such as family and education systems), and political institutions (such as government and legal systems).
Political institutions are mandatory because:Man is a political animal, lives in society which works on the principles of conflict and cooperation,Political institutions are safeguards of our rights, freedom and libertyThese provide solutions to the problems that emanate from political struggles
we compare political institutions
There are three main political institutions in the country of Nigeria. These are the People's Democratic Party, the All Nigeria People's Party, and the Action Congress.