One of the most basic reasons why Taiwan is so much wealthier than Liberia is that Taiwan

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Quizplus · Accepted Answer

The presence of institutions that promote economic growth, such as a strong legal system, stable government, and developed financial markets, is a crucial factor in a country's economic success. Liberia has struggled with a lack of such institutions, while Taiwan has developed them over decades, leading to its relatively high level of wealth. Factors such as size or language do not necessarily determine a country's economic success.

One of the Most Basic Reasons Why Taiwan Is So