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Why do poor countries not adopt the institutions

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Assignment

The Western countries always urge the less developed countries to adopt the Western mode of development, such as promotion of free trade, democratization and establishing free markets for the less developed countries to grow out of poverty. In other words, the Western countries are asking poor countries to embrace Western institutions, as an effective approach for economic development. In your essay, discuss

- if you think that the adoption of Western institutions can help poor countries grow and catch up with rich countries. If yes, why do poor countries not adopt the institutions? If no, why adopting western institutions cannot help?

Reference no: EM131395442

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