What might be some reasons for economic failure in some countries?

Answer my question right now plz!!
not too long..haha u know :)

Answer:
I'd say graft and corruption would be the greatest culprits.
Politicians passing laws that are bad for business. Plus a weak foriegn policy
Media...lies> affecting views in Society (b/c when people don't know about the bad things happening in their country...no one speaks)
CEO's
Multinational Corporations
Horizontal vs. Vertical Mobility
Globalization vs. Poverty
Stratification
The government plays a great part.The policy it passed should take the feature of the country into consideration.For instance,as a developing country ,it's wise to encourage foriegn investment .
With very few exceptions, the countries in economic failure are snakepits of government corruption and graft. Foremost among these are most of the socialist societies and dictatorships. Even when natural resources are abundant, a dishonest society usually results in failure.

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