Wealthy nations tend to have weak institutions, which can hinder their development and lead to issues like corruption and democratic backsliding.
Wealthy nations tend to have weak institutions. Wealthy countries are often characterized by having strong institutions, such as robust anti-corruption agencies and independent judiciaries, which play a crucial role in maintaining stability and accountability. Conversely, countries with weak institutions are more susceptible to democratic backsliding and corruption, ultimately hindering their development.
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