Institutional Perspective To Business Localization

The paper aims to assess the synergic impact of institutions, geography and culture on the decision of localization of operations and individuals. For this purpose, we will identify factors influencing the spatial distribution of operations and suggest an analysis of typology and institutions favorable for economic performance. We conclude that the benefits resulting from agglomerations would not be possible without inclusive political and economic institutions that allow exploitation of market opportunities, encourage technological innovation and investment in people and mobilize talents and skills of a large number of individuals