Emerging Economies: An Investigation of National Culture and Sustainable Development

Afriyadi Cahyadi (), Agung Putra Raneo, Taufiq Marwa, Mohamad Adam and Katalin Szabó
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Afriyadi Cahyadi: Faculty of Economics, Sriwijaya University, Indralaya 30662, Indonesia
Agung Putra Raneo: Faculty of Economics, Sriwijaya University, Indralaya 30662, Indonesia
Taufiq Marwa: Faculty of Economics, Sriwijaya University, Indralaya 30662, Indonesia
Mohamad Adam: Faculty of Economics, Sriwijaya University, Indralaya 30662, Indonesia
Katalin Szabó: Doctoral School of Economic and Regional Sciences, Hungarian University of Agricultural and Life Sciences, H-2100 Gödöllő, Hungary

Economies, 2024, vol. 12, issue 9, 1-19

Abstract: The current study highlights the significance of national culture in advocating sustainable development, aligning with the goals outlined in the 2030 Agenda. It draws upon theories from various perspectives, including Classical Marxism, System Justification, Weber and the Ethic of Protestantism, and Postmaterialism. By examining the relationship between national culture and sustainable development, particularly in emerging economies, it addresses a gap in existing discourse. Using data from The Culture Factor Group website and the Global Sustainable Competitiveness Index provided by Solability in 2023, this study investigates how six of Hofstede’s cultural dimensions relate to the sustainable competitiveness of emerging economies. The findings, based on a sample of 21 emerging economies sourced from diverse online platforms, indicate a significant relationship between national culture and sustainable development, particularly in terms of sustainable competitiveness. This study underscores the importance of recognizing culture as a key factor in achieving sustainable development goals, supporting its inclusion as a fundamental aspect in shaping policies and strategies aimed at fostering sustainable development in emerging economies.

Keywords: emerging economies; national culture; sustainable development; Hofstede’s cultural dimensions; sustainable competitiveness (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2024
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