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What are considered good economic institutions

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Reference no: EM133223332

Part 1.

What are considered good economic institutions? What are some of the impacts of the lack of good institutions? For what key reasons do many developing countries lack them? What steps do you think countries could potentially take to get them? Justify your answers with examples.

Part 2.

What is the meaning of a "colonial legacy"? Discuss any disadvantages and possible advantages by providing country-specific evidences for both sides of the argument.

Reference no: EM133223332

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