"Institutions" Please respond to the following:
Based on the lecture and Webtext materials, address the following:
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.