In the Textbook, Somalia Is Given as the Example of a Failed

question 8

Essay

In the textbook, Somalia is given as the example of a failed state. Pick one of the states listed on page 251 (from the list provided by Fund for Peace) and assess whether or not they meet the criteria for a failed state.

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Definitions:

Compensation

The payment or benefit given to someone in exchange for services or as a recompense for losses.

Obligations

Duties or commitments that one is bound to fulfill legally or morally.

Cash Conversion Cycle

An indicator that calculates the duration required for a business to transform its inventory investments and additional resources into cash flows resulting from sales.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.