Question

Advantages of institutions
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Answer 1

heya ..

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I develop the concept of institutional competitive advantage, as distinct from plain competitive advantage and from comparative institutional advantage. I first identify and synthesize insights from strategy and institutional theories. I then arrive at a definition of institutional advantage and develop theory about its predictors, emphasizing a firm's interaction with institutions over its life cycle. This analysis highlights foreign direct investment and multinational enterprise as prime venues for insights into institutional advantage from a strategic perspective.

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Answer 2

Advantages of institutions:

Institutions strongly effects economic development of countries and act in society at all levels by determining the farmeworks in which economic exchange occurs.

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