Week 4 Short-Answer Question
1.Why are strong institutions important? Explain
2. What was the result of insecure property rights in Zimbabwe?
3. What effect have extractive institutions had on Zimbabwe since the country’s independence?
4. Why are extractive states so likely to experience conflict?
5. How does Columbia differ from states like Zimbabwe abd Sierra Leone?
6. Throughout history, how have communist government performed?
7. What was true goal of North Korea’s currency reform?
8. Why did Egypt’s economy perform better than North Korea’s, even though both were considered extractive states?
9. Don you think the United States exhibits any characteristics of an extractive states? Explain why or why not ?
10. This report describes the 2012 arrest of Yevgeniy Urlashov, the mayor of the large Russian city of Yaroslavl. According to Urlashov, what led to his arrest?
Strong institutions empower good leadership and enables the ones in power to not only address the problems within a society but find optimal feasible solutions and implement them. Strong economic institutions bring about higher productivity in agriculture and industry), thus increasing the standard of living for people in poverty. The political institutions
