Why Have Less-Developed Countries Had Such Difficulty in Building Effective

question 11

Essay

Why have less-developed countries had such difficulty in building effective states? What particular roles do ethnic and national identities contribute to this difficulty?

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Definitions:

Close Corporation

A type of corporation characterized by a small number of shareholders, no public market for its shares, and often operated similarly to a partnership.

Transferability

The ability of an asset to be transferred or made over from one party to another.

Close Corporation

A privately held company characterized by a small number of shareholders with no public market for its shares.

LLPs

Limited Liability Partnerships; a type of business structure where partners have limited personal liability for the business's debts and actions.