Developing countries tend to present a context characterized by acute poverty where informal institutions are strong governance mechanisms.

Question

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Informal institutions such as community-based organizations, traditional leaders, and social norms play a significant role in governance in developing countries where poverty is a prevailing problem. These informally established mechanisms help people cope with poverty and play a crucial role in providing basic services, mediating conflicts, and providing a network of support.

Developing Countries Tend to Present a Context Characterized by Acute