Institutional reforms in the Gulf Cooperation Council economies: A conceptual framework
Institutions are slow to change in the Gulf Cooperation Council (GCC) economies. More to the point, institutions promoting free enterprise economy are lacking in the region. Concepts and theory building are lacking on the dynamics and forces related to institutional changes in GCC economies. In an attempt to fill this void, this paper proposes a framework for identifying clear contexts and attendant mechanisms associated with institutional changes in emerging economies. We then apply the framework in the context of GCC economies. The explanations offered in this paper shed light on the nature of power balance among various institutional actors associated with GCC economies and their cognitive frameworks.
Year of publication: |
2008
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---|---|
Authors: | Kshetri, Nir ; Ajami, Riad |
Published in: |
Journal of International Management. - Elsevier, ISSN 1075-4253. - Vol. 14.2008, 3, p. 300-318
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Publisher: |
Elsevier |
Keywords: | GCC Institutions Market orientation Holistic order Institutional entrepreneurship Selective adaptation |
Saved in:
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