ry country differ in terms of how the governments manage them but they all have specific components. These components are definite in every institution and include the mission and vision which directs how an institution operates (roles), values, norms as well as statuses. In developing nations, institutions such as financial and judicial systems have been affected by how the countries run them (Hilson 132).
Most rural people in developing countries access little or no institutional finance since they lack the physical security required to access loans (Hilson 134). In addition, they lack the necessary education on how to manage finances. The judicial systems in developing countries are weak, slow as well as corrupt since only a few favored people benefit (Hilson 136). A big percentage of people do not trust the system as a result of lack of accountability in administering justice which makes the institutions weak.
Works Cited
Hilson, Gavin. "Corporate Social Responsibility in the extractive industries: Experiences from developing countries." Resources Policy 37.2 (2012): 131-137.
