Resource title

Dynamics of national institutional configurations: implications for country, industry, and firm adaptation

Resource image

image for OpenScout resource :: Dynamics of national institutional configurations: implications for country, industry, and firm adaptation

Resource description

A large and growing body of research has made altogether clear the interdependent nature of national institutions and industries and firms. This makes the adaptive capacity of national institutions a primary concern of firms, especially in the present period of increased turbulence in the international business environment. The authors first review the drivers of the transition from the industrial to the post-industrial age and argue that finding fitness on the emerging rugged landscape represents very significant adjustment challenges to any national institutional configuration. Second, they compare and contrast processes for effecting institutional adjustment of three modes of adjustment-micro, collective, and central-that underlie pluralist, corporatist, and statist policy-making. Third, they advance a new dynamic model of micro-level responses to institutional adjustment failure and apply it to each of the three forms. Finally, they discuss the implications of our model and findings for international business research.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/inseadwp2004/2004-47.pdf

Resource license

Copyright INSEAD. All rights reserved