Tag: collectivist culture

Does culture affect long-run growth?

Sep 22, 2010

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by

mwkruse

in Africa, Asia, Central America, Culture, Economic Development, Economics, Europe, International Affairs, Sociology, South America

Vox: Does culture affect long-run growth? Does culture affect long-run growth? This column argues that countries with a more individualist culture have enjoyed higher long-run growth than countries with a more collectivist culture. Individualist culture attaches social status rewards to personal achievements and thus provides not only monetary incentives for innovation but also social status…