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To be successful, reform strategies must be informed by a sound understanding of the diversity of European capitalism and the institutional structures that drive these differences. A common reform approach is to identify a country that appears to be performing well in a particular institutional dimension and to promote this institution in other countries. This kind of best-practice-approach ignores the fact that each country has developed its unique bundle of institutions, which complement each other. Reform strategies that ignore such institutional complementarities risk doing more harm than good. This challenge may explain, for example, why European imitation of policies aimed at stimulating venture capital has been unsuccessful e. Institutions are complementary if the presence or efficiency of one institution increases the returns from or efficiency of the other.
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Planting native shrubs and small trees for berries and nuts will provide the best natural food for free and give the best nutrition. So get out there and plant… […]. Read More…. The Solway Forests Red Squirrel Network, one of the newest volunteer networks to emerge in South Scotland, is raising funds and awareness through an amateur photography competition.
He was ideal—good-looking and a foreign prince. Her choice was in some respects traditional, because the princess and Philip were relatives, but not too close to raise eyebrows. They were third cousins, sharing the same great-great-grandparents, Queen Victoria and Prince Albert. Philip was in fact more royal than Elizabeth, whose mother was mere British nobility with distant links to English and Scottish kings , while his parents were Princess Alice of Battenberg a great-grandchild of Queen Victoria and Prince Andrew of Greece, the descendant of a Danish prince recruited for the Greek throne in the midth century.