How Culture Impacts Economic Development: A Cross-country Comparison

Rubén Berríos

Journal of Developing Societies, 2024, vol. 40, issue 2, 150-175

Abstract: The significance of cultural factors in economic development is analyzed. Culture here refers to values, behaviors, and beliefs. Culture alone cannot explain development, but there are some factors that help us understand why some countries develop faster than others. The study makes use of the World Values Survey as a road map for analysis using cross-cultural comparisons. The analysis focuses on two key core values: trust and achievement. This is applied to two regions: East Asia (Japan and Korea) and Latin America (Mexico and Peru). The aim is to examine how aspects of culture help accelerate or impede development.

Keywords: Culture; values; trust; achievement; economic development (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jodeso:v:40:y:2024:i:2:p:150-175

DOI: 10.1177/0169796X241237978

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