Successful economic development is a process of successive upgrading. As nations develop, they progress in terms of their characteristic competitive advantage and modes of competing.

The anthropologists have pointed out the existence of many thinking currents and schools in the field of organizational culture. The study of this culture became more and more important as the transnational companies have developed day by day. Having in mind the process of internationalization...

Globalization is the rapid increase in cross-border economic, social, technological exchange under the conditions of capitalism. International trade and investment have been the engines of world growth over the past 50 years. The tons of goods traded around the world have grown by 16 times since...

­The literature devoted to economic development concerns itself in a growing de­gree with the role and importance of institutions­­­