The legacy of extractive institutions

Abstract

The legacy of extractive political and economic institutions of the USSR paved the way for development in Asia. Today this has revealed that in countries like Uzbekistan, where the president has been in office for twenty-five years gaining more and more power as if no replacement would be possible, the exercise of total control is a true phenomenon. In North Korea, where a hereditary communist dynasty has shown the very worst in how a centralized government´s greed and power benefits no one but itself. How these policies have affected countries and neighboring regions has changed the political and economic landscape and rules of international relations. The policies created more pluralistic institutions and thus have changed the course of history—the objective of this report.