Culture, cultural diversity and economic development. A critical perspective on recent work

Cultura, diversidad cultural y desarrollo económico. Una perspectiva crítica de los trabajos recientes

François Facchini ()

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: This article contributes to research on the cultural determinants of nations' economic performance. The first section shows that there is no evidence that cultural homogeneity favors development. Instead, it highlights the crucial role of cultural diversity in the task of discovering opportunities of profit for entrepreneurs. The second section discusses works on the presumed existence of values toxic for development. The third section criticizes this idea and contrasts a European model of development for innovation based on individualistic values and an Asian model of development through imitation based on family and holistic values.

Keywords: entrepreneur; culture; cultural diversity; development; innovation; imitation; emprendedor; cultura; diversidad cultural; desarrollo; innovación; imitación (search for similar items in EconPapers)
Date: 2020
Note: View the original document on HAL open archive server: https://hal.science/hal-02908426
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Published in Revista de Economía Institucional, 2020, 22 (43), pp.79-117. ⟨10.18601/01245996.v22n43.05⟩

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Working Paper: Culture, cultural diversity and economic development. A critical perspective on recent work (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:hal-02908426

DOI: 10.18601/01245996.v22n43.05

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