Every country in the world is constructed around the same set of institutionalframeworks that differ only in how governments manage them. Identify thespecific components of an institution. Next, use two (2) examples ofinstitutions —such as a financial system, a judicial system, or the armed forces— to illustrate what developing countries overall have done to weaken orstrengthen such institutions.

Please respond to the following statement

Institutions are systems of established and common social rules thatstructure social interactions. The specific components of an institution are tohelp nurture social cohesion and a sense of security.

Governments corruption, greed and raw power weaken the state's institution.Government officials may take government money for themselves or use their powerto punish their competitors and enrich themselves.

Well functioning countries can assist developing countries and strengtheninstitutions. Examples are verified auctions to sell natural resources rightsand creating an independent judiciary.