Latveria a 3rd world country ?
IIRC Latveria is a country with a god emperor (Doom) but there are no problems other than it´s leader, i mean, in Fantastic Four comics, the country is very gloomy, but there is no:
- Poverty
- Famine
- Unemployment
- Although it look like a feudal state, there´s actually very high tech in the country (mainly used by Doom )
- The population (save for the more younger generation) really like their hard but fair leader.
- Rampart/crazy mutants
You just have to make sure you are not one of his castle technicians, other than that your would be very glad to live there.
Also, there was the unusual alien/cosmic entity that Doom would lure to try steal it´s powers (almost levelling the country in the process) but it would be for the greater good.