CHERRY MNB3701 REPORT 1(ASSIGNMENT 2) 2024

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Table of Contents
Executive Summary ............................................................................................................................. 3
Literature search ...................................................................................................................................3
Background ............................................................................................................................................4
Institutional framework .........................................................................................................................6
Formal institutions ............................................................................................................................ 6
Legal systems ...................................................................................................................................6
Corporate governance .....................................................................................................................7
Economic systems ........................................................................................................................... 8
Political systems .............................................................................................................................. 9
Informal institutions ........................................................................................................................ 10
Cultures ......................................................................................................................................... 11
Ethics ............................................................................................................................................. 11
Religions ........................................................................................................................................ 12
Languages ......................................................................................................................................12
Conclusion ........................................................................................................................................... 12
References .......................................................................................................................................... 13
Important note to consider ...................................................................................................................15




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