good institutional environment
definitions
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A set of effective, transparent, and stable rules, regulations, and organizations that facilitate market operations, protect property rights, reduce transaction costs, and encourage investment and economic growth.es: Buen entorno institucional
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The quality of public sector frameworks, including government efficiency, regulatory transparency, accountability, and low levels of corruption, which support societal development and public service delivery.es: Sistema de gobernanza eficiente
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A theoretical concept in institutional economics describing the formal and informal constraints, such as laws, norms, and enforcement mechanisms, that shape human interaction and determine long-term economic performance.es: Marco institucional normativo
examples
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Investors are more likely to commit capital when they perceive a good institutional environment with strong legal protections.
Los inversores tienen más probabilidades de comprometer capital cuando perciben un buen entorno institucional con sólidas protecciones legales.
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International aid organizations often prioritize countries with a good institutional environment to ensure funds are used effectively.
Las organizaciones de ayuda internacional suelen priorizar los países con un buen entorno institucional para garantizar que los fondos se utilicen de manera eficaz.
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Researchers argue that a good institutional environment is the primary driver of sustainable development rather than natural resource endowments.
Los investigadores sostienen que un buen entorno institucional es el principal motor del desarrollo sostenible, más que la dotación de recursos naturales.