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.

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.

Step by Step Solution

★★★★★

3.41 Rating (154 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

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 full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Development Economics 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...

Investigate the challenges and solutions associated with managing I/O devices in a multitasking operating system, including topics such as device drivers, interrupt handling, DMA (Direct Memory...

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...

what are good economic institutions ? why do so many developing countries lack them ? what can developing countries do to get them ?

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.

summarize this case study and then identify the main stakeholders. Chapter 12 Business Values Away from Home Case Study Alchemist's Dream Come True BARNABY J. FEDER When the Great Lakes Chemical...

what threats do you see for saldo? just a paragraph Remittances Case Study Facilitating international payments with blockchain technology LEARNING OBJECTIVES This case study will help you understand:...

Summarize the attached document of the WDR 2018 OVERVIEW Learning to realize education's promise Learning to realize education's promise Assess learning Act on evidence Align actors to make it a...

Hi there I could some help with this one I have bolded the question. Below that is some notes and resources to provide context and resource to help with explanation and answer. Again the question is...

1. Synthesize the article 2. Do you agree/disagree with the authors perspectives? Why? 3. Provide a current example supporting or disagreeing with the perspective. 4. How could the authors enhance...

What is the annual implied interest of a five-year zero-coupon bond (using the semiannual pricing convention) with a current yield of 12% and a par value of $1,000.00?

Water from the combustion of hydrogen and pure oxygen is at 3800 K and 50 kPa. Assume we only have H2O, O2, OH and H2 as gases with the two simple water dissociation reactions active find the...

Which of the following statements is incorrect? Group of answer choices Financing decisions are about determining how the firm should finance or pay for assets. A firm's capital, also known as...

Distinguish between leader pricing and bait pricing. What do they have in common? How can their use affect a marketing mix? AppendixLO1

A cogent example in which per capita magnitudes may be misleading if we do not have a good idea of distribution comes from the study of modern famine. Why do famines simply not make sense if we look...

Think of various indicators of development that you would like to see in your concept of economic development. Think about why per capita income, as measured, may or may not be a good proxy for these...

Construct an imaginary mobility matrix from a sample of countries that shows no mobility at all. What would it look like? What would a mobility matrix with perfect mobility look like? What would a...

Overboard Corporation uses the first-in, first-out method in its process costing system. In the Cutting Department in June, units were 80% complete with respect to conversion in the beginning work in...

P19-1 Three Differences, No Beginning Deferred Taxes, Multiple Rates The following information is available for Remmers Corporation for 2017. 1. Depreciation reported on the tax return exceeded...

Time 12 years Principal $16400 Rate 3% Compounded Annually Amount ? Interest ?