Institutional capital: it is the capacity of the formal institutions of a territory to concentrate on the solution of the problems, their capacity for action, the speed of the decision process, the degree of information of the organizations and their flexibility and, finally, the type of existing relationship between the different organizations.
Published in Chapter:
Institutional Capital on Trade Marketing and Environmentally-Sustainable Development Policy Making: A Research Model Based on Critical Analysis of NAFTA
José G. Vargas-Hernández (University Center for Economic and Managerial Sciences, University of Guadalajara, Mexico)
Copyright: © 2020
|Pages: 33
DOI: 10.4018/978-1-7998-0315-7.ch003
Abstract
The aim of this study is to critically analyze the implications in terms of the relationship between cooperation, conflict, and institutional capital, as well as their interactions with trade marketing and environmentally sustainable development policy making under the framework of NAFTA. The methodology is based on a literature review aimed to create a relationship between the analytical variables in order to obtain a research construct. This research model is used to critically analyze the implications in terms of cooperation and conflict relationships as institutional capital and their interactions with trade marketing and environmentally sustainable development policy making. It is concluded that, although the existence of NAFTA is severely questioned, its institutional capital has positive effects on the implications of trade-marketing; however, environmentally sustainable development proves to be conflictive and highly contentious, although some positive effects are developing.