Buy custom Impact of formal organization on African countries
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 617 |
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They might even adopt a command economy where government will be in control of all the factors of production. These countries have to prove to other countries that their economy is working in stable condition and that the other countries should not be worried to invest in African countries just because of the political risk...
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These formal institutions can have different political system, different legal system; however the important thing is that the system should be governed in an efficient way under sound rules and regulations. It is also very important that the decisions which are made by these institutions should be regulated for the long term and even if there is any change in power, the new government should accept the rules regulations and contracts executed by the previous government...
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General points of the essay
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