Introduction

Paulo Roberto Feldmann
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Paulo Roberto Feldmann: University of São Paulo

Chapter Chapter 1 in Management in Latin America, 2014, pp 1-5 from Springer

Abstract: Abstract Today, it is clear that not everything that has to do with economic development of nations can be explained by traditional economic theory. There are numerous factors that do not constitute the habitual tools of economists and which have a decisive influence about a country’s economic delay or advance. For example, the history of a nation defines values which perpetuate for generations and end up defining the behavior of its citizens. In other words, it is because of these values that the individuals will be willing to assume greater or lesser risks, will be more or less patriotic, will be willing to share profits, and so forth. The geographic location also impacts people’s habits and customs and consequently the level of economic progress. Jeffrey Sachs (Sachs in Harrison and Huntington, pp 31–32), currently one of the most cited economists, says that geography is so important that social scientists should dedicate more time to looking at maps to better understand the roots of economic development.

Keywords: Latin American Country; Economic Progress; Global Company; Fiscal Consolidation; Microeconomic Theory (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-04750-8_1

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DOI: 10.1007/978-3-319-04750-8_1

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