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The business environment in transition countries is often extraordinarily challenging for companies. The transition process these countries find themselves in leads to constant changes in the institutional environment. Hence, institutional voids prevail. These institutional voids cause...
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This study investigates the role of political transformation to practice a successful economic transition. Though most … transition. The paper concluded a relation between economic transition and political transformation, though subject to democracy … consolidation. However, the causal path is still debatable. Egypt showed bad performance in all economic transformation indicators …
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