Tag: trust
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Cultural Matters in Economic Development
Aid Watch: "If You Don't Trust People You Know, It's Over!" NYU Professor Leonard Wantchekon recently made a presentation about the impact of slavery on intra-community trust in Benin. Trust is essential to economic development, and Wantchekon points out that the legacy of slavery in nations such as Benin is mistrust. Willaim Easterly writes: Stories…