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

Question

Quizplus · Accepted Answer

Taiwan has developed institutions that promote economic growth, such as a strong legal system, protection of property rights, and support for entrepreneurship. Liberia, on the other hand, faces difficulties with corruption, lack of infrastructure, and weak institutions that hinder economic development. The size, resources, relationship with the United States, climate, and common language shared by residents are not the primary reasons for the difference in wealth between the two countries.

One of the Most Basic Reasons Why Taiwan Is So