Totalitarian countries often experience wars, riots, protests, chaos, and breakdowns, resulting in higher political risk.
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Q3: Institutional transactions in countries such as China,
Q4: Two pillars the regulatory and the normative
Q5: Iran and Saudi Arabia are common law
Q6: Informal institutions include laws, regulations, and rules.
Q7: Firms operating in democracies almost never confront
Q9: Managers and firms rationally pursue their interests
Q10: Formal and informal policies are popularly known
Q11: An important source of transaction cost is
Q12: Common law is the oldest, the most
Q13: Intellectual property rights (IPRs) include rights associated
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