What are good economic institutions, why do so many developing countries lack them, and what can developing
Question:
What are good economic institutions, why do so many developing countries lack them, and what can developing countries do to get them. Justify your answer.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Good economic institutions are those that promote economic growth increase prosperity nurture innovation and foster social cohesion They typically have the following characteristics 1 Transparency The ...View the full answer
Answered By
Sandip Agarwal
I have an experience of over 4 years in tutoring. I have solved more than 2100 assignments and I am comfortable with all levels of writing and referencing.
4.70+
19+ Reviews
29+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Read and answer the question below. EMBRACE DEMOGRAPHICS AND SOCIETAL CHANGES Using Differences to Drive Value Force 7: Demographics and Societal Changes. One of the most important forces that is...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
Three employees of the Horizon Distributing Company will receive annual pension payments from the company when they retire. The employees will receive their annual payments for as long as they live....
-
Do you see cognitive development as more continuous or more discontinuous? Do children's natures differ, or do differences among children only reflect differences in their experiences? What are the...
-
Consider the following situations for Commodores Welding Services: a. Depreciation on the equipment for the current year is \($2,400\). b. Each Monday, Commodores Welding Services pays employees for...
-
Two \(0.25-\mathrm{kg}\) carts, one red and one green, are stationary on a low-friction track. The carts are initially separated by \(0.50 \mathrm{~m}\). You push on the red one with a constant force...
-
Using the format at the end of this exercise, indicate the impact that each of the following transactions has on the total net position of a proprietary fund and on each net position component. Also,...
-
a) i] Define the term management? [1 marks] ii] Managers must have specific skills and play certain roles in organizations if they are to inspire employees to meet organizational objectives; explain...
-
Which measure shows more equality among countries around the worldGNI calculated at exchange rates or GNI calculated at purchasing power parity? Explain.
-
Why do many economists expect income convergence between developed and developing countries, and what factors would you look to for an explanation of why this has occurred for only a limited number...
-
1. What does Euthyphro first propose as a definition of piety? 2. What about the gods? Do they have different conceptions about what is good and evil, just and unjust? Why does this pose a problem...
-
Growth Rates Go to quote.yahoo.com and enter the ticker symbol IP for International Paper. When you get the quote, follow the Research link. What is the projected sales growth for International Paper...
-
During an audit, the auditor finds a significant nonconformity related to noncompliance with local environmental laws. What is the clauses is most appropriate for the auditor?
-
Monthly Payments and Finance Charges. Kimberly Jensen and Rebecca Parker of Mankato, Minnesota, are both single. The pair share an apartment on the limited resources provided through Kimberlys...
-
Under what circumstances do we have to worry about unequal economic lives? How do you interpret the EAC? In setting a bid price, we used a zero NPV as our benchmark. Explain why this is appropriate....
-
Sprout Inc.'s direct materials cost is $498,100, direct labor cost is $408,800, indirect materials cost is $2,250, indirect labor cost is $4,750, and other factory overhead costs are $79,500. What is...
-
Acme Enterprises leased equipment from Monument Equipment Co. on January 1, 2011. The terms of the lease agreement require five annual payments of $20,000 with the first payment being made on January...
-
Rewrite Programming Exercise 7.5 using streams. Display the numbers in increasing order. Data from Programming Exercise 7.5 Write a program that reads in 10 numbers and displays the number of...
-
Review the concepts of birth rates, death rates, and age distributions, and the way in which these notions interact with one another. Construct an example of countries A and B, where A has higher...
-
Consider the same capacity curve as in problem (6a). Suppose that a family of five members each have this capacity curve. Assume that this family has access to a source of nonlabor income, valued at...
-
Discuss the capacity curve and explain why the curve has an initial segment in which work capacity exhibits increasing returns with respect to nutritional input. In Chapter 13, we will discuss the...
-
Rate of Return if State Occurs State of Economy Probability of State of Economy Boom Bust .60 .40 Stock A 15 Stock B Stock C .23 .42 .18 .08 -.09 a. What is the expected return on an equally weighted...
-
A person borrows money at (12) = .12 from Bank A, requiring level payments starting one month later and continuing for a total of 15 years (180 payments). She is allowed to repay the entire bal- ance...
-
Based on the following information, what is the expected return? Probability of State of Economy Recession Normal Boom State of Economy .31 .34 .35 Rate of Return if State Occurs -10.30% 11.80% 21.40%
Study smarter with the SolutionInn App