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Describe several components of the institutional environment in the HPAEs that are critical to their success....

Describe several components of the institutional environment in the HPAEs that are critical to their success. Explain which of these factors is the most important.

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Answer #1

Following are the several components of the institutional environment in the HPAEs that are critical to their suces------------ 1. The property right are secure. 2. bureaucracies are competent there 3. contracts are also enforceable there. 4

access to the information is also widespred 5. the regulations are also clear and it is well publicized.

The factor that is most important to their critical sucess is that the regulations are very clear to the people and it is also well publicizd so that it does not create any type of confusion .

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