instability and corruption are seen to have significantly affected the investment ratio. A historical analysis traces the origins … weak support for formal institutions owing to preexisting economic inequality. …

corruption. Weak governance undermines economic performance through various channels, including deficiencies in government … performance by improving governance and reducing corruption. This paper estimates that strengthening governance and mitigating … corruption in the region could be associated with large growth dividends in the long run. While the process would take …