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Institutions Aren't the Real Fix | Guyana News
Forget the checklist. The global push to fix struggling nations by building “stronger institutions” misses the real story: economies came first, institutions followed. Wealthy nations like the US and Japan didn’t start with perfect governance—they grew rich, then built systems to manage that success. Focusing on bureaucracy and oversight ignores the deeper issues: who controls resources, how power is negotiated, and whether countries can turn raw materials into real value. Institutions matter, but they’re shaped by economic reality, not the other way around. The real challenge? Building a…
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