It’s an INCREDIBLY complex topic, one that cannot be completely reduce to an ELi5, but one of the single biggest factors is neo-colonialism. Oversimplified a bit, most nations in the global south, during decolonization, had to agree to allow foreign companies to come in and extract their natural resources, if they wanted to be allowed to participate in the global trading market. The result is an enormous amount of wealth flowing out of the nation, or into the hands of a few controllers, and very little going towards domestic development. Keep this up for decades and you have incredible instability.
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