the type of political authority (democratic or nondemocratic);
the quality of government (the degree of political accountability, the level
of political culture, and the degree of political stability);
the quality of the institutional framework;
the effectiveness of the judicial system;
the degree of globalization;
the level of competition;
the degree of economic development;
the structure and size of the public sector;
cultural qualities (religious tradition, ethnic structure, and value system);
geographic location (site-specific effects, country's size, and availability of
natural resources); and
history (for example, colonial tradition).*'