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Erschienen in:
2014 | OriginalPaper | Buchkapitel
The Action-Reaction in the Global Trade: Comparing the Cases of the Brazilian Chicken and the Thai Tuna Industries
verfasst von : Suthikorn Kingkaew
Erschienen in: Multinational Corporations from Emerging Markets
Verlag: Palgrave Macmillan UK
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Institutional factors are widely recognized as the underlying force that has shaped the development of various industries and their firms. Institutional factors such as trade policy banking practice, law and regulation, the political and economic background of a country, labor regulation, national culture, and tax policy have shaped the contours of international trade. Several of these institutional factors are the result of either direct or indirect support by the government. Various national governments have taken a proactive role in promoting and nurturing their own national champions in selected industries in order to create spillover benefits to the economy (Scott, 1995; Peng et al., 2008; Oliver, 1997; Nölke and Taylor, 2010; Nölke, 2011a; Bhalla, 1977).