Not every country, but I think at the very least some areas might be more stable under monarchy
Feel like the Middle East is one. The current regional power in the Levant is Israel. The previous one was the Ottoman Empire.
The ottomans united a massive empire under its control for centuries whereas Israel has been in perpetual war with its neighbors since its creation.
If Israel was a dictatorship or a monarchy, it could be a Jewish state without being majority Jewish, while still also being relatively egalitarian. Everyone would be equally disenfranchised by the monarch/dictator.
There’d be no Nakba/occupation/etc. and if the monarch did their job and provided for the people, there’d probably be no Islamic terrorism either.
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Similarly I think India might be better under monarchy. The country is simply too diverse for democracy to function effectively. I think you need a single unifying force, such as a monarch, to bring people together and get shit done.
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Lastly, monarchs are just cool. I wish America had one.