Institutional void identified in [Country]: Detailed analysis of the specific institutional void in a country. How this void affects businesses, consumers or other stakeholders.
Institutional void identified in [Country]: Detailed analysis of the specific institutional void in a country. How this void affects businesses, consumers or other stakeholders.
Question
Institutional void identified in [Country]: Detailed analysis of the specific institutional void in a country. How this void affects businesses, consumers or other stakeholders.
Expert Solution

Step 1: Define Institutional void
An institutional void is defined as a severe absence or deficiency of established formal institutions, regulations, or norms in a specific region or sector of a society or economy. These holes can affect governance, legal frameworks, economic structures, and social systems.
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