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Every country in the world is constructed around the same set of institutional frameworks that differ only in how different governments manage them.
Use two (2) examples of institutions —such as a financial system, a judicial system, or the armed forces — to illustrate what developing countries overall have done to weaken or strengthen such institutions. Provide country-specific examples.
Finally, define extractive institutions and analyze the role these institutions play in the developing countries. Provide country-specific examples of extractive institutions.
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Institution Affiliation
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Institutional framework
Every country has different institutions that are used to govern the country’s economy,
finance, resource, judicial systems, armed forces and all other activities that take place within the
country. Some of the common components that are employed in the institution framework tend
to be si...
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