Causes for Intercultural Economic Differences

Rongxing Guo ()

Chapter 4 in Cultural Influences on Economic Analysis, 2006, pp 59-78 from Palgrave Macmillan

Abstract: Abstract Natural resources once figured prominently as a production factor in studies of economic growth. At times, natural resources (such as land, climate, biology, water, minerals and energy) have indeed been the primary component among the factors that influence social and economic activities. But early pessimists like Malthus (1798) and Ricardo (1817) were probably wrong about the importance of scarce natural resources as a retardant of growth.1 This is most obviously evidenced in the fact that, in spite of the enormous increase in the world population, and given the unchanged human biological needs for food, the proportion of employment in agriculture has dropped enormously. After having examined the development process of the world as a whole for the twentieth century, especially for the postwar period, it seems unlikely that there exists to any extent a positive correlation between economic growth and endowment of natural resources.

Keywords: Human Capital; Gross Domestic Product; Culture Area; Western Area; Economic Growth Rate (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-20696-0_5

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DOI: 10.1057/9780230206960_5

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