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The political institutions in today's nations have been able to implement economic policies on a broad scale. From the socialism of North Korea to the capitalism of the United States, these policies would not have been possible without the presence of strong political institutions. The best way to prove this would probably be to consider what would happen if the political institutions of these countries were weakened considerably...
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The best way to prove this would probably be to consider what would happen if the political institutions of these countries were weakened considerably. It may seem logical that by weakening these political institutions, the economic policies would be weakened as well. Historically, we've seen the relationship between strong and stable political institutions with strong and stable economic policies, yet interestingly, in today's world, that may not be the case...
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