That much is obvious, every country extracts their resources. In this context "extraction-oriented" means extraction to a foreign power, ie building roads to ports and disregarding all other infrastructure needs that do not further the exportation of raw materials and goods to imperial ports.

So in other words the problem with "extraction oriented" is by definition it stops with the extraction as opposed to bootstrapping to other infastructure both humanitarian and foundational for more advanced economy?

Precisely. Since colonies are seen as money makers, there's little point in having expenditures that don't further your bottom line back home.