In countries like Ethiopia, there are no reliable institutions to look after human rights and create checks and balances.
Rumours can run especially rampant in China because, even as citizens now have more social space in which to live, the country lacks sufficiently reliable institutions, such as an independent press and judiciary, to play the role of referee.
But what economists almost universally cite as a precondition — a political overhaul that produces effective and reliable institutions that investors trust, and a resilient, diversified economy — so far remains out of reach.
Most studies on prosperous societies point to the existence of predictable and reliable institutions.
Another participant said, "My opinion is that the other researchers should be competent and from reliable institutions and countries.
However, such proposals, as well as Nunn's longer-range goal, will be realized only in a world with much stronger and more reliable international institutions than we have today.
Today Mr Balcerowicz, who had two stints as finance minister (1989-91 and 1997-2000) and is now governor of the central bank, talks about the importance of radical and sustained reform and the need to build reliable financial institutions.
Working closely with governments, we are helping reduce risk and build strong, reliable energy institutions.
Even though the type of pseudotumor was often misclassified, we consider that reporting of the presence or absence of pseudotumors was reliable since our institution recognized the problem with MoM hip-related pseudotumors early, and the surgeons were aware that soft tissue pathologies might be encountered.
Whatever the Street's excesses, it did offer individuals and institutions reliable, sophisticated and often efficient ways to trade and invest, helping to spread some of the wealth.
