A less-developed nation will be able to benefit substantially by adopting the technologies and the business practices that have been successful in other nations, but only if

Question

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For a less-developed nation to benefit from adopting technologies and business practices from other nations, it is crucial to improve its institutions. This will create an environment where foreign investors are willing to import both capital and expertise needed to take advantage of advanced production techniques. Without improving institutions, it will be difficult for a less-developed nation to attract foreign investments necessary to adopt new technologies and business practices.

A Less-Developed Nation Will Be Able to Benefit Substantially by Adopting